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V-1.1 - Securities Act

Section 229
Disposition versions

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229. With the authorization of the court, obtained on an application served on the issuer or the investment fund, the rights of action for recovery under section 228 may be exercised, in the name of and for the account of the persons entitled to the action, by a person who was at the time of the prohibited transaction or is at the time of the application a holder of outstanding securities of the issuer or the investment fund.
1982, c. 48, s. 229; 2004, c. 37, s. 20; 2006, c. 50, s. 76; I.N. 2016-01-01 (NCCP).
229. With the authorization of the court, obtained on a motion served on the issuer or the investment fund, the rights of action for recovery under section 228 may be exercised, in the name of and for the account of the persons entitled to the action, by a person who was at the time of the prohibited transaction or is at the time of the motion a holder of outstanding securities of the issuer or the investment fund.
1982, c. 48, s. 229; 2004, c. 37, s. 20; 2006, c. 50, s. 76.
229. With the authorization of the court, obtained on a motion served on the issuer, the mutual fund or the unincorporated mutual fund, the rights of action for recovery under section 228 may be exercised, in the name of and for the account of the persons entitled to the action, by a person who was at the time of the prohibited transaction or is at the time of the motion a holder of outstanding securities of the issuer, the mutual fund or the unincorporated mutual fund.
1982, c. 48, s. 229; 2004, c. 37, s. 20.
229. With the authorization of the court, obtained on a motion served on the issuer, the mutual fund or the unincorporated mutual fund, the rights of action for recovery under section 228 may be exercised, in the name of and for the account of the holders of shares, by a person who was at the time of the prohibited transaction or is at the time of the motion a holder of outstanding securities of the issuer, the mutual fund or the unincorporated mutual fund.
1982, c. 48, s. 229.
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