Acts and Regulations

S-5.5 - Securities Act

Full text
Restriction on discontinuation of action
2007, c.38, s.173
161.51(1)An action under section 161.2 shall not be discontinued or settled without the approval of the court given on such terms and conditions as the court considers appropriate, including, without limiting the generality of the foregoing, terms as to costs.
161.51(2)In determining whether to approve the settlement of the action, the court shall consider, among other things, whether there are any other actions outstanding under section 161.2 or under comparable legislation in other provinces or territories in Canada in respect of the same misrepresentation or failure to make timely disclosure.
2007, c.38, s.173; 2012, c.31, s.26
Restriction on discontinuation of action
2007, c.38, s.173
161.51(1)An action under section 161.2 shall not be discontinued or settled without the approval of the court given on such terms and conditions as the court considers appropriate, including, without limiting the generality of the foregoing, terms as to costs.
161.51(2)In determining whether to approve the settlement of the action, the court shall consider, among other things, whether there are any other actions outstanding under section 161.2 or under comparable legislation in other provinces or territories in Canada in respect of the same misrepresentation or failure to make timely disclosure.
2007, c.38, s.173