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S-29.01 - Act respecting trust companies and savings companies

Section 322
Disposition versions

Full text
322. Before requiring an asset to be appraised or appraising it itself in accordance with section 319, 320 or 321, the Authority shall notify the company in question of its intention and give it a reasonable opportunity to present observations. The Authority must do the same before assigning a different value from that proposed by the appraiser approved by it.
The Authority must give notice in writing to the company and to its auditor of any assignment or reduction of value pursuant to section 319, 320 or 321.
1987, c. 95, s. 322; 1997, c. 43, s. 774; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
322. Before requiring an asset to be appraised or appraising it itself in accordance with section 319, 320 or 321, the Agency shall notify the company in question of its intention and give it a reasonable opportunity to present observations. The Agency must do the same before assigning a different value from that proposed by the appraiser approved by it.
The Agency must give notice in writing to the company and to its auditor of any assignment or reduction of value pursuant to section 319, 320 or 321.
1987, c. 95, s. 322; 1997, c. 43, s. 774; 2002, c. 45, s. 611.
322. Before requiring an asset to be appraised or appraising it himself in accordance with section 319, 320 or 321, the Inspector General shall notify the company in question of his intention and give it a reasonable opportunity to present observations. The Inspector General must do the same before assigning a different value from that proposed by the appraiser approved by him.
The Inspector General must give notice in writing to the company and to its auditor of any assignment or reduction of value pursuant to section 319, 320 or 321.
1987, c. 95, s. 322; 1997, c. 43, s. 774.
322. Before requiring an asset to be appraised or appraising it himself in accordance with section 319, 320 or 321, the Inspector General shall notify the company in question of his intention and give it a reasonable opportunity to give its opinion. The Inspector General must do the same before assigning a different value from that proposed by the appraiser approved by him.
The Inspector General must give notice in writing to the company and to its auditor of any assignment or reduction of value pursuant to section 319, 320 or 321.
1987, c. 95, s. 322.
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