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A-24 - Cooperative Associations Act
Section 105
Disposition versions
105. As soon as winding-up has been voted by the general meeting, every action and all proceedings by way of seizure by garnishment, seizure before judgment or seizure in execution, or otherwise, against the moveable or immoveable property of the association shall be suspended.
The costs incurred by a creditor after he has himself or by his attorney had knowledge of the winding-up, cannot be collocated against the proceeds of the property of the association distributed in consequence of the winding-up.
A judge of the Superior Court of the district in which the corporate seat of the association is located may, however, on such conditions as he deems proper, authorize the institution of a suit or the continuance of any proceeding already commenced.
