Article 141A - Misfeasance

(1) The QFC Court may examine the conduct of a person who:
(A) is or purports to be the officeholder in respect of a Company; or
(B) has been or has purported to be the officeholder in respect of a Company.
(2) An examination under this paragraph may be held only on the application of:
(A) the QFC Authority;
(B) the Regulatory Authority;
(C) the Administrator of the Company;
(D) the Liquidator of the Company;
(E) a creditor of the Company; or
(F) a member of the Company.
(3) An application under (2) must allege that the officeholder:
(A) has misapplied or retained money or other property of the Company;
(B) has become accountable for money or other property of the Company;
(C) has breached a fiduciary or other duty in relation to the Company;
(D) has been guilty of misfeasance; or
(E) has otherwise failed to discharge the duties of his office.
(4) On an examination under this paragraph into a person's conduct the QFC Court may:
(A) impose a fine or other penalty on the office holder;
(B) terminate any appointments of the officeholder;
(C) order the officeholder:
(i) to repay, restore or account for money or property;
(ii) to pay interest;
(iii) to contribute a sum to the Company's property by way of compensation for breach of duty or misfeasance.