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Insurance Companies Act

Version of section 840 from 2003-01-01 to 2006-11-27:

Marginal note:Application to court

 Where a director or an officer of an insurance holding company fails to disclose an interest in a material contract in accordance with sections 836 and 838, a court may, on the application of the insurance holding company or a shareholder of the insurance holding company, set aside the contract on such terms as the court thinks fit.

  • 2001, c. 9, s. 465

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