V-1.1 - Securities Act

Full text
257. (Repealed).
1982, c. 48, s. 257; 1990, c. 77, s. 40; 1999, c. 40, s. 327; 2002, c. 45, s. 696; 2006, c. 50, s. 83, s. 111; 2008, c. 7, s. 158.
257. The Bureau de décision et de révision en valeurs mobilières may recommend that the Minister appoint a provisional administrator to administer the property of a person or the affairs of a company in the place of the board of directors in any of the following cases:
(1)  where an investigation is being made in respect of the person;
(2)  where the Bureau de décision et de révision en valeurs mobilières considers that one or more officers or directors of the person have committed a malversation, a breach of trust or any other offence;
(3)  where the management by the officers or directors is being effected in an unacceptable manner, having regard to generally accepted principles, and is of a nature that would tend to depreciate the securities issued by the person;
(4)  where the Bureau de décision et de révision en valeurs mobilières deems it imperative that the clients of a registrant or the holders of securities be protected.
In the case of a company constituted outside Québec, the recommended mandate of the provisional administrator is to administer the property of that company which is situated in Québec.
1982, c. 48, s. 257; 1990, c. 77, s. 40; 1999, c. 40, s. 327; 2002, c. 45, s. 696; 2006, c. 50, s. 83, s. 111.
257. The Bureau de décision et de révision en valeurs mobilières may recommend that the Minister appoint a provisional administrator to administer the property of a person or the affairs of a company in the place of the board of directors in any of the following cases:
(1)  where an investigation is being made in respect of the person;
(2)  where the Bureau de décision et de révision en valeurs mobilières considers that one or more senior executives of the person have committed a malversation, a breach of trust or any other offence;
(3)  where the management by the senior executives is being effected in an unacceptable manner, having regard to generally accepted principles, and is of a nature that would tend to depreciate the securities issued by the person;
(4)  where the Bureau de décision et de révision en valeurs mobilières deems it imperative that the clients of a registrant or the holders of securities be protected.
In the case of a company constituted outside Québec, the recommended mandate of the provisional administrator is to administer the property of that company which is situated in Québec.
1982, c. 48, s. 257; 1990, c. 77, s. 40; 1999, c. 40, s. 327; 2002, c. 45, s. 696.
257. The Commission may recommend that the Minister appoint a provisional administrator to administer the property of a person or the affairs of a company in the place of the board of directors in any of the following cases:
(1)  where an investigation is being made in respect of the person;
(2)  where the Commission considers that one or more senior executives of the person have committed a malversation, a breach of trust or any other offence;
(3)  where the management by the senior executives is being effected in an unacceptable manner, having regard to generally accepted principles, and is of a nature that would tend to depreciate the securities issued by the person;
(4)  where the Commission deems it imperative that the clients of a registrant or the holders of securities be protected.
In the case of a company constituted outside Québec, the recommended mandate of the provisional administrator is to administer the property of that company which is situated in Québec.
1982, c. 48, s. 257; 1990, c. 77, s. 40; 1999, c. 40, s. 327.
257. The Commission may recommend that the Minister appoint a provisional administrator to administer the property of a person or the affairs of a company in the place of the board of directors in any of the following cases:
(1)  where an investigation is being made in respect of the person;
(2)  where the Commission considers that one or more senior executives of the person have committed a malversation, a breach of trust or any other offence;
(3)  where the management by the senior executives is being effected in an unacceptable manner, having regard to generally accepted principles, and is of a nature that would tend to depreciate the securities issued by the person;
(4)  where the Commission deems it imperative that the clients of a registrant or the holders of securities be protected.
In the case of a company incorporated outside Québec, the recommended mandate of the provisional administrator is to administer the property of that company which is situated in Québec.
1982, c. 48, s. 257; 1990, c. 77, s. 40.
257. The Commission may recommend that the Minister appoint a provisional administrator to administer the property of a person or the affairs of a company in the place of the board of directors in any of the following cases:
(1)  where an investigation is being made in respect of the person;
(2)  where the Commission considers that one or more senior executives of the person have committed a malversation, a breach of trust or any other offence;
(3)  where the management by the senior executives is being effected in an unacceptable manner, having regard to generally accepted principles, and is of a nature that would tend to depreciate the securities issued by the person;
(4)  where the Commission deems it imperative that the clients of a registrant or the holders of securities be protected.
1982, c. 48, s. 257.