V-1 - Securities Act

Full text
173. An order pursuant to section 172 may only be made if the judge is satisfied that the applicant has reasonable grounds for believing that the corporation has a cause of action under sections 169 and 170 and that the corporation has refused or failed to commence an action under section 169 within sixty days after receipt of a written request from such applicant so to do or that the corporation has failed to prosecute diligently an action commenced by it under section 169. With leave of a judge of the Court of Appeal, an appeal to the Court of Appeal lies from such order.
1973, c. 67, s. 26.