No one may engage in, participate in law or in fact, directly or through an intermediary, in the formation or management of a real estate development company or provide assistance, even on an ancillary basis, to real estate development if they have been the subject of a final, unamnesty-free conviction to a prison sentence for one of the following offences:
- Forgery and use of forgery in public, private, commercial or banking documents;
- Theft, fraud, breach of trust, extortion of funds, assets or signatures, receiving stolen goods, bankruptcy;
- Issue of bad check;
- Wear;
- Concussion committed by a public official;
- Corruption;
- Embezzlement or misappropriation of public funds;
- Perjury, perjury, witness tampering, false statements, breaches of banking, insurance and foreign exchange legislation.
This prohibition also applies to:
- To bankrupts and persons who are personally bankrupt or prohibited from directing, managing, administering or controlling a commercial enterprise;
- To dismissed ministerial public officers;
- To dismissed trustees and judicial administrators;
- To members of professions constituted as an Order, when they are permanently removed as a disciplinary measure for breach of integrity.
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