C-4.1 - Savings and Credit Unions Act

Full text
310. The winding-up of a credit union may be decided by a resolution adopted by the vote of three-fourths of the members present at a special meeting.
The meeting shall then appoint, by the vote of a majority of the members present, a liquidator who is entitled to immediate possession of the property of the credit union.
The credit union shall thereafter exist and carry on business solely for the purposes of the winding-up of its affairs.
1988, c. 64, s. 310.