28. (1) The charter of a company incorporated by letters patent may be surrendered if the company prove, to the satisfaction of the Minister,—
(a) That it has no debts or obligations; or
(b) That it has parted with its property, divided its assets rateably amongst its shareholders or members, and has no debts or liabilities; or
(c) That the debts and obligations of the company have been duly provided for or protected, or that the creditors of the corporation or their assignees consent; and
(d) That the company has given notice of the application for leave to surrender its charter, by publishing the same once in the Gazette officielle du Québec and once in a newspaper published in the French language and once in a newspaper published in the English language at or as near as may be to the place where the company has its head office.
(2) The Minister upon a due compliance with the provisions of this Part, may accept a surrender of the charter, direct its cancellation, and fix a date upon and from which the company shall be dissolved. Notice of such dissolution shall be given by the Minister or the deputy minister of Consumer Affairs, Cooperatives and Financial Institutions by one insertion in the Gazette officielle du Québec , as in the form prescribed by the Minister, and the company shall thereupon become dissolved from and after the date fixed.