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S-29.01 - Act respecting trust companies and savings companies

Section 148
Disposition versions

Full text
148. Any loan, investment or contract granted or made in contravention of this chapter may be cancelled by the court on the application of the Authority, the company or any interested person.
The court may order every director or officer who is a party to a transaction made in contravention of this chapter or who facilitated the carrying out thereof to pay to the company, jointly and severally, either damages in compensation for the injury suffered or the amount paid by the company in view of the transaction.
1987, c. 95, s. 148; 1999, c. 40, s. 304; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
148. Any loan, investment or contract granted or made in contravention of this chapter may be cancelled by the court on the application of the Agency, the company or any interested person.
The court may order every director or officer who is a party to a transaction made in contravention of this chapter or who facilitated the carrying out thereof to pay to the company, jointly and severally, either damages in compensation for the injury suffered or the amount paid by the company in view of the transaction.
1987, c. 95, s. 148; 1999, c. 40, s. 304; 2002, c. 45, s. 611.
148. Any loan, investment or contract granted or made in contravention of this chapter may be cancelled by the court on the application of the Inspector General, the company or any interested person.
The court may order every director or officer who is a party to a transaction made in contravention of this chapter or who facilitated the carrying out thereof to pay to the company, jointly and severally, either damages in compensation for the injury suffered or the amount paid by the company in view of the transaction.
1987, c. 95, s. 148; 1999, c. 40, s. 304.
148. Any loan, investment or contract granted or made in contravention of this chapter may be cancelled by the court on the application of the Inspector General, the company or any interested person.
The court may order every director or officer who is a party to a transaction made in contravention of this chapter or who facilitated the carrying out thereof to pay to the company, jointly and severally, either the amount of damages suffered or the amount paid by the company in view of the transaction.
1987, c. 95, s. 148.
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