A-32 - Act respecting insurance

Full text
Not in force
200.0.12. As of the date appearing on the certificate of demutualization,
(1)  the certificate of demutualization attests the existence of the mutual insurance company and its continuance as a business corporation governed by the Business Corporations Act (chapter S-31.1) and subject to this Act;
(2)  the articles of demutualization are deemed to be the articles of the continued company.
From that date, the company is converted into a capital stock company.
2002, c. 70, s. 79; 2009, c. 52, s. 518.
Not in force
200.0.12. As of the date appearing on the certificate of demutualization,
(1)  the certificate of demutualization attests the existence of the mutual insurance company and its continuance as a company governed by Part IA of the Companies Act (chapter C‐38) and subject to this Act;
(2)  the articles of demutualization are deemed to be the articles of the continued company.
From that date, the company is converted into a capital stock company.
2002, c. 70, s. 79.