Examples of PEI Act in a sentence
Please refer to the full text of the PEI Act for a complete listing.
Under the PEI Act, “misrepresentation” means an untrue statement of material fact, or an omission to state a material fact that is required to be stated by the PEI Act, or an omission to state a material fact that needs to be stated so that a statement is not false or misleading in light of the circumstances in which it is made.
S-3.1 [P.E.I. Act]; subsection 26.2(1) of the Securities Act (Newfoundland and Labrador), R.S.N.L.1990, c.
A Person who is an Subscriber of REIT Units to whom this Offering Memorandum was required to be sent or delivered under the PEI Act but which was not sent or delivered as required has a right of action for damages or rescission against the REIT.
S-3.1 [P.E.I. Act]; section 39A of the Securities Act (Nova Scotia), R.S.N.S. 1989, c.
Please refer to the full text of the PEI Act for a complete listing.In an action for damages, the defendant is not liable for any damages that he or she proves do not represent the depreciation in value of the security resulting from the misrepresentation.
Interestingly, when PEI issued its discussion paper soliciting comments on its draft regulations, the discussion paper noted that the PEI Act was modeled after the ULCC Act, but specifically notes that it didn't follow the example of the ULCC regarding the omission of the express permission to use a wraparound.
In addition the PEI Act also gives the minister discretionary power to specifically exempt franchisors from including financial statements if the franchisor doesn't satisfy the criteria noted above.
RSA 2000, c F-23, s 1(1)(o) [AB Act]; Franchises Act, RSPEI 1988, c F-14.1, s 1(1)(l) [PEI Act]; Franchises Act, SNB 2014, c 111, s 1(1) [NB Act]; The Franchises Act, SM 2010, c 13, CCSM c F156, s 1(1) [Man Act].
The PEI legislature approved changes to the Tourism PEI Act to allow for the creation of a new board of directors for Tourism PEI.