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V-1.1 - Securities Act

Section 261
Disposition versions

Full text
261. (Repealed).
1982, c. 48, s. 261; 1990, c. 77, s. 45; 2002, c. 45, s. 696; 2008, c. 7, s. 158.
261. The Minister may, on the recommendation of the Bureau de décision et de révision en valeurs mobilières,
(1)  revoke an order;
(2)  dismiss a member of the board of directors or declare him disqualified for such office, and provide for his replacement;
(3)  order the winding-up of the property of the person concerned and appoint a liquidator;
(4)  order the winding-up of the company concerned and appoint a liquidator.
Any member of the board of directors dismissed pursuant to this section is disqualified from holding office as director for a period of five years.
Every order of the Minister for the winding-up of the company concerned has the same effect as an order of a judge of the Superior Court under section 25 of the Winding-up Act (chapter L‐4).
1982, c. 48, s. 261; 1990, c. 77, s. 45; 2002, c. 45, s. 696.
261. The Minister may, on the recommendation of the Commission,
(1)  revoke an order;
(2)  dismiss a member of the board of directors or declare him disqualified for such office, and provide for his replacement;
(3)  order the winding-up of the property of the person concerned and appoint a liquidator;
(4)  order the winding-up of the company concerned and appoint a liquidator.
Any member of the board of directors dismissed pursuant to this section is disqualified from holding office as director for a period of five years.
Every order of the Minister for the winding-up of the company concerned has the same effect as an order of a judge of the Superior Court under section 25 of the Winding-up Act (chapter L-4).
1982, c. 48, s. 261; 1990, c. 77, s. 45.
261. The Minister may, on the recommendation of the Commission,
(1)  rescind or prolong an order;
(2)  dismiss a member of the board of directors or declare him disqualified for such office, and provide for his replacement;
(3)  order the winding-up of the property of the person concerned and appoint a liquidator;
(4)  order the winding-up of the company concerned and appoint a liquidator.
Every order of the Minister for the winding-up of the company concerned has the same effect as an order of a judge of the Superior Court under section 25 of the Winding-Up Act (chapter L-4).
1982, c. 48, s. 261.
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