(1) If the Secretary cancels a person's authority under section 30(1A), the
Secretary must, by written order served on the person, declare the person to
be disqualified from holding an authority.
(2) If the Secretary cancels a
person's authority under section 30(1)(a)-(e), the Secretary may, by written
order served on the person, declare the person to be disqualified from holding
an authority.
(3) A person who is declared to be disqualified from holding an
authority is disqualified from holding an authority under this Act during the
disqualification period specified in the order.
(4) If the person who is the
subject of the declaration is a corporation, any person who was an officer of
the corporation at the time that the authority was cancelled is taken, unless
the declaration otherwise provides, to also be disqualified from holding an
authority under this Act during the disqualification period specified in the
order.
(5) An order may specify a separate disqualification period for
officers of the corporation or for particular officers of the corporation, or
may provide that no disqualification period applies to officers of the
corporation or to particular officers of the corporation.
(6) It is not
necessary for the order to name individual officers of a corporation.
(7) A
disqualification period specified in an order must not exceed 5 years from the
date on which the relevant authority is cancelled.
(9) In this section, an
"officer" of a corporation means a director of the corporation or a person who
is otherwise concerned in its management.
