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S-29.01 - Act respecting trust companies and savings companies

Section 96
Disposition versions

Full text
96. A director of a Québec company who resigns his office for reasons connected with the conduct of the operations of the company shall submit to the company a written statement of his reasons where he has reason to believe that such conduct is in contravention of this Act, the regulations thereunder, a provision of any Act, an order or written direction of the Authority or the Criminal Code (Revised Statutes of Canada, 1985, chapter C-46).
He shall also submit such a written statement where he believes that such conduct will adversely affect the financial position of the company.
No director who in good faith makes such a statement may be prosecuted by reason of that fact.
1987, c. 95, s. 96; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
96. A director of a Québec company who resigns his office for reasons connected with the conduct of the operations of the company shall submit to the company a written statement of his reasons where he has reason to believe that such conduct is in contravention of this Act, the regulations thereunder, a provision of any Act, an order or written direction of the Agency or the Criminal Code (Revised Statutes of Canada, 1985, chapter C-46).
He shall also submit such a written statement where he believes that such conduct will adversely affect the financial position of the company.
No director who in good faith makes such a statement may be prosecuted by reason of that fact.
1987, c. 95, s. 96; 2002, c. 45, s. 611.
96. A director of a Québec company who resigns his office for reasons connected with the conduct of the operations of the company shall submit to the company a written statement of his reasons where he has reason to believe that such conduct is in contravention of this Act, the regulations thereunder, a provision of any Act, an order or written direction of the Inspector General or the Criminal Code (Revised Statutes of Canada, 1985, chapter C-46).
He shall also submit such a written statement where he believes that such conduct will adversely affect the financial position of the company.
No director who in good faith makes such a statement may be prosecuted by reason of that fact.
1987, c. 95, s. 96.
96. A director of a Québec company who resigns his office for reasons connected with the conduct of the operations of the company shall submit to the company a written statement of his reasons where he has reason to believe that such conduct is in contravention of this Act, the regulations thereunder, a provision of any Act, an order or written direction of the Inspector General or the Criminal Code.
He shall also submit such a written statement where he believes that such conduct will adversely affect the financial position of the company.
No director who in good faith makes such a statement may be prosecuted by reason of that fact.
1987, c. 95, s. 96.
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