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V-1.1 - Securities Act

Section 262
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262. (Repealed).
1982, c. 48, s. 262; 1990, c. 77, s. 46; 1995, c. 33, s. 29; 2008, c. 7, s. 158.
262. The fees and expenses of the provisional administrator and the liquidator for the execution of their mandates are taken out of the total assets administered, after approval by the Minister.
The fees and expenses are deemed to constitute a prior claim and have the same rank as expenses incurred in the common interest.
1982, c. 48, s. 262; 1990, c. 77, s. 46; 1995, c. 33, s. 29.
262. The fees and expenses of the provisional administrator and the liquidator for the execution of their mandates are taken out of the total assets administered, after approval by the Minister.
The fees and expenses constitute a preferred claim on the movable and immovable property of the person named in the notice, ranking immediately after legal costs. Any preferred claim on an immovable is subject to the formalities of registration of real rights.
1982, c. 48, s. 262; 1990, c. 77, s. 46.
262. The fees and expenses of the provisional administrator and the liquidator for the execution of their mandates are taken out of the total assets administered, after approval by the Minister.
If the assets are insufficient or in case of insolvency, the fees and expenses are borne by the Government, which is subrogated in the rights of the provisional administrator or the liquidator.
1982, c. 48, s. 262.
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