A-32 - Act respecting insurance

Section 93.242 Disposition versions

1996-12-23

93.242. A guarantee fund may, in the pursuit of its objects,

(1)  make loans and grants to its members;

(2)  guarantee the repayment of an advance or a loan granted to a member;

(3)  enter into an agreement with a member to manage its affairs during a specified period;

(4)  act as the provisional administrator of a member for the purposes of Chapter X of Title IV;

(5)  acquire the assets of a member;

(6)  act as the liquidator or sequestrator of a member;

(7)  pay rebates to the members out of its accumulated surplus, in proportion to their participation in the capital.

1985, c. 17, s. 6; 1996, c. 63, s. 81.

1985-09-11

93.242. A corporation may, in the pursuit of its objects,

(1)  make loans and grants to its members;

(2)  guarantee the repayment of an advance or a loan granted to a member;

(3)  enter into an agreement with a member to manage its affairs during a specified period;

(4)  act as the provisional administrator of a member for the purposes of Chapter X of Title IV;

(5)  acquire the assets of a member;

(6)  act as the liquidator or sequestrator of a member;

(7)  pay rebates to the members out of its accumulated surplus, in proportion to their participation in the capital.

1985, c. 17, s. 6.