5.1 (1) Subject to subsection (2), the Minister may, by order, appoint an individual as an administrator of the Corporation for the purposes of assuming control of it and responsibility for its activities. 2017, c. 33, Sched. 4, s. 4. Condition precedent (2) The Minister may exercise the power described in subsection (1) only if the Minister is of the opinion that it is advisable to exercise the power in the public interest because at least one of the following conditions is satisfied: 1. The exercise of the power is necessary to prevent serious harm to the interests of the public, purchasers of homes or owners. 2. An event of force majeure has occurred. 3. The Corporation is facing a risk of insolvency. 4. The number of members of the board is insufficient for a quorum. 5. The Corporation has failed to enter into an administrative agreement in accordance with section 2.0.1. 2017, c. 33, Sched. 4, s. 4; 2019, c. 7, Sched. 47, s. 3; 2020, c. 14, Sched. 5, s. 11. Notice of appointment (3) The Minister shall give the board the notice that the Minister considers reasonable in the circumstances before appointing the administrator. 2017, c. 33, Sched. 4, s. 4; 2019, c. 7, Sched. 47, s. 3. Immediate appointment (4) Subsection (3) does not apply if there are not enough members on the board to form a quorum. 2017, c. 33, Sched. 4, s. 4. Term of appointment (5) The appointment of the administrator is valid until the Minister makes an order terminating it. 2017, c. 33, Sched. 4, s. 4. Powers and duties of administrator (6) Unless the order appointing the administrator provides otherwise, the administrator has the exclusive right to exercise all the powers and perform all the duties of the directors, officers and members of the Corporation. 2017, c. 33, Sched. 4, s. 4. Same, limitations (7) In the order appointing the administrator, the Minister may specify the administrator’s powers and duties and the conditions governing them. 2017, c. 33, Sched. 4, s. 4. Right of access (8) The administrator has the same rights as the board in respect of the documents, records and information of the Corporation. 2017, c. 33, Sched. 4, s. 4. Report to Minister (9) The administrator shall report to the Minister as the Minister requires. 2017, c. 33, Sched. 4, s. 4. Minister’s directions (10) The Minister may issue directions to the administrator about any matter within the administrator’s jurisdiction, and the administrator shall carry them out. 2017, c. 33, Sched. 4, s. 4. No personal liability (11) No action or other proceeding shall be instituted against the administrator for an act done in good faith in the execution or intended execution of a duty or power under this Act, the regulations, a Minister’s order or the appointment under subsection (1), or for an alleged neglect or default in the execution in good faith of that duty or power. 2017, c. 33, Sched. 4, s. 4. Crown liability (12) Despite subsection 8 (3) of the Crown Liability and Proceedings Act, 2019, subsection (11) does not relieve the Crown of liability to which it would otherwise be subject. 2017, c. 33, Sched. 4, s. 4; 2019, c. 7, Sched. 17, s. 136 (1). Liability of Corporation (13) Subsection (11) does not relieve the Corporation of liability to which it would otherwise be subject. 2017, c. 33, Sched. 4, s. 4. Section Amendments with date in force (d/m/y) 2017, c. 33, Sched. 4, s. 4 - 14/12/2017 2019, c. 7, Sched. 17, s. 136 (1) - 01/07/2019; 2019, c. 7, Sched. 47, s. 3 - 29/05/2019 2020, c. 14, Sched. 5, s. 11 - 30/11/2020