TERMIUM Plus®

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INTERET INDIRECT [1 record]

Record 1 2001-11-22

English

Subject field(s)
  • Commercial Law
OBS

as a shareholder in a financial institution.

CONT

Any person appointed as a director who is a shareholder of any financial institution mentioned in subsection (2) shall divest himself of ownership of his shares within three months of the date of the appointment of that person and shall not thereafter during the term of his office have an interest, either directly or indirectly, as a shareholder in any such financial institution.

French

Domaine(s)
  • Droit commercial
CONT

L'administrateur qui est actionnaire d'une des institutions financières visées au paragraphe (2) au moment de sa nomination doit se dessaisir de la propriété de ses actions dans les trois mois qui suivent; il ne peut avoir par la suite, tant que dure son mandat, d'intérêt direct ou indirect à titre d'actionnaire dans ces institutions financières.

Spanish

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