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Insurance Companies Act

Version of section 215 from 2003-01-01 to 2006-11-27:

Marginal note:Application to court

 Where a director or an officer of a company fails to disclose an interest in a material contract in accordance with sections 211 and 213, a court may, on the application of the company, a shareholder of the company or a policyholder entitled to vote, set aside the contract on such terms as the court thinks fit.

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