50(1)Within 5 days after any change in the officers or directors of a corporation that is a registered supplier or in the membership of a partnership that is a registered supplier, the corporation or partnership, as the case may be, shall disclose the change by filing a disclosure with the Registrar.

50(2)No director, officer or member of a supplier in respect of whom a notice is given under subsection (1) shall exercise any authority with respect to the operation of the supplier unless the Registrar has approved the change.