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Trust and Loan Companies Act

Version of section 515 from 2003-01-01 to 2023-06-21:

Marginal note:Expiration of control

 Control by the Superintendent under subsection 510(1) of a company or of the assets of a company and the assets held in trust by or under the administration of the company expires on the day on which a notice by the Superintendent is sent to the directors and officers who conducted the business and affairs of the company stating that the Superintendent is of the opinion that the circumstances leading to the taking of control by the Superintendent have been substantially rectified and that the company can resume control of its business and affairs.

  • 1991, c. 45, s. 515
  • 1996, c. 6, s. 129

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