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A-32 - Act respecting insurance

Section 48
Disposition versions

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48. For the purposes of section 43, the Authority, after having given the persons concerned an opportunity to present observations, may decree that a person holds voting rights attached to shares in an insurance company or a legal person that controls it if, in the Authority’s opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the legal person that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4; 1996, c. 63, s. 80; 1997, c. 43, s. 73; 1999, c. 40, s. 33; 2002, c. 70, s. 26; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
48. For the purposes of section 43, the Agency, after having given the persons concerned an apportunity to present observations, may decree that a person holds voting rights attached to shares in an insurance company or a legal person that controls it if, in the Agency’s opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the legal person that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4; 1996, c. 63, s. 80; 1997, c. 43, s. 73; 1999, c. 40, s. 33; 2002, c. 70, s. 26; 2002, c. 45, s. 243.
48. For the purposes of section 43, the Inspector General, after having given the persons concerned an apportunity to present observations, may decree that a person holds voting rights attached to shares in an insurance company or a legal person that controls it if, in his opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the legal person that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4; 1996, c. 63, s. 80; 1997, c. 43, s. 73; 1999, c. 40, s. 33; 2002, c. 70, s. 26.
48. For the purposes of sections 43 and 44, the Inspector General, after having given the persons concerned an apportunity to present observations, may decree that a person holds voting rights attached to shares in an insurance company or a legal person that controls it if, in his opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the legal person that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4; 1996, c. 63, s. 80; 1997, c. 43, s. 73; 1999, c. 40, s. 33.
48. For the purposes of sections 43 and 44, the Inspector General, after having given the persons concerned an apportunity to present observations, may deem that a person holds voting rights attached to shares in an insurance company or a legal person that controls it if, in his opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the legal person that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4; 1996, c. 63, s. 80; 1997, c. 43, s. 73.
48. For the purposes of sections 43 and 44, the Inspector General, after having given the persons concerned an apportunity to be heard, may deem that a person holds voting rights attached to shares in an insurance company or a legal person that controls it if, in his opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the legal person that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4; 1996, c. 63, s. 80.
48. For the purposes of sections 43 and 44, the Inspector General, after having given the persons concerned an apportunity to be heard, may deem that a person holds voting rights attached to shares in an insurance company or a corporation that controls it if, in his opinion, that person, alone or with an associate, is in a position to influence the vote of persons holding shares in the insurance company or the corporation that controls it.
1974, c. 70, s. 48; 1984, c. 22, s. 19; 1990, c. 86, s. 4.
48. A non-resident, for purposes of application of section 45, is any individual not ordinarily resident in Canada or any corporation incorporated elsewhere than in Canada or related to non-residents.
A testamentary executor, administrator, tutor, curator, guardian or trustee in possession of voting shares belonging to non-residents is deemed a non-resident respecting those shares.
The same applies to a trust established by a non-resident or in which non-residents together hold more than 50 per cent of the interests.
1974, c. 70, s. 48; 1984, c. 22, s. 19.
48. A non-resident, for the application of section 45, is any individual not ordinarily resident in Canada or any corporation incorporated elsewhere than in Canada or related to non-residents.
A testamentary executor, administrator, tutor, curator, guardian or trustee in possession of shares belonging to non-residents is deemed a non-resident respecting those shares.
The same applies to a trust established by a non-resident or in which non-residents together hold more than 50 per cent of the interests.
1974, c. 70, s. 48.
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