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S-29.01 - Act respecting trust companies and savings companies

Section 316
Disposition versions

Full text
316. Where in the opinion of the Authority the interests of the company, depositors or beneficiaries may be gravely affected by any delay resulting from allowing the company or any other person time to present observations, the Authority may, without prior notice, make an order.
The company or any other person contemplated in the order may, within six days of receipt thereof, present observations to the Authority.
1987, c. 95, s. 316; 1997, c. 43, s. 773; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
316. Where in the opinion of the Agency the interests of the company, depositors or beneficiaries may be gravely affected by any delay resulting from allowing the company or any other person time to present observations, the Agency may, without prior notice, make an order.
The company or any other person contemplated in the order may, within six days of receipt thereof, present observations to the Agency.
1987, c. 95, s. 316; 1997, c. 43, s. 773; 2002, c. 45, s. 611.
316. Where in the opinion of the Inspector General the interests of the company, depositors or beneficiaries may be gravely affected by any delay resulting from allowing the company or any other person time to present observations, the Inspector General may, without prior notice, make an order.
The company or any other person contemplated in the order may, within six days of receipt thereof, present observations to the Inspector General.
1987, c. 95, s. 316; 1997, c. 43, s. 773.
316. Where in the opinion of the Inspector General the interests of the company, depositors or beneficiaries may be gravely affected by any delay in the hearing, the Inspector General may make an order without giving the company or any other person an opportunity to be heard.
The company or any other person contemplated in the order may, within six days of receipt thereof, apply in writing to the Inspector General for a hearing.
1987, c. 95, s. 316.
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