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V-1.1 - Securities Act

Section 231
Disposition versions

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231. To obtain the authorization provided for in section 229, it must be established that the officers and the directors of the issuer or the investment fund have failed to institute the action, or have failed to prosecute it diligently.
1982, c. 48, s. 231; 2006, c. 50, s. 77, s. 111.
231. To obtain the authorization provided for in section 229, it must be established that the senior executives of the issuer, of the mutual fund or of the unincorporated mutual fund have failed to institute the action, or have failed to prosecute it diligently.
1982, c. 48, s. 231.
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