S-25.1 - Act respecting the sociétés d’entraide économique

Section 118 Disposition versions

2004-12-17

118. The Autorité des marchés financiers may order a company to sell or otherwise alienate any property acquired in violation of this division and prescribe the time within which it is to be sold or alienated.

Any property that has not been sold or alienated on the expiry of the prescribed time is excluded from the assets of the company for the purposes of computing the deposit liabilities ratio.

1981, c. 31, s. 118; 1982, c. 52, s. 246; 2002, c. 45, s. 564; 2004, c. 37, s. 90.

2004-02-01

118. The Agence nationale d’encadrement du secteur financier may order a company to sell or otherwise alienate any property acquired in violation of this division and prescribe the time within which it is to be sold or alienated.

Any property that has not been sold or alienated on the expiry of the prescribed time is excluded from the assets of the company for the purposes of computing the deposit liabilities ratio.

1981, c. 31, s. 118; 1982, c. 52, s. 246; 2002, c. 45, s. 564.

1983-04-01

118. The Inspector General may order a company to sell or otherwise alienate any property acquired in violation of this division and prescribe the time within which it is to be sold or alienated.

In force: 1984-04-01

Any property that has not been sold or alienated on the expiry of the prescribed time is excluded from the assets of the company for the purposes of computing the deposit liabilities ratio.

1981, c. 31, s. 118; 1982, c. 52, s. 246.

1982-03-01

118. The superintendent may order a company to sell or otherwise alienate any property acquired in violation of this division and prescribe the time within which it is to be sold or alienated.

Not in force

Any property that has not been sold or alienated on the expiry of the prescribed time is excluded from the assets of the company for the purposes of computing the deposit liabilities ratio.

1981, c. 31, s. 118.