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V-1 - Securities Act

Section 176
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176. The Commission may at its discretion refuse to grant permission to distribute a prospectus until such time as the corporation, the securities of which it is proposed to offer, delivers or causes to be delivered to the Commission undertakings satisfactory to the Commission in which the corporation undertakes to cause its present and future directors and senior officers to comply with sections 157 to 179 and in which the directors and senior officers of the corporation then in office undertake to comply with sections 157 to 179.
1973, c. 67, s. 26.
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