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C-4.1 - Savings and Credit Unions Act

Section 60
Disposition versions

Full text
60. The articles of amalgamation must be accompanied with
(1)  a joint application requesting the Inspector General to authorize the amalgamation of the credit unions, signed by the persons authorized for that purpose;
(2)  a duplicate of the amalgamation agreement;
(3)  a certified copy of each by-law approving the amalgamation;
(4)  a memorandum signed by the amalgamating credit unions setting forth the reasons for and objectives of the amalgamation;
(5)  a notice of the address of the head office of the amalgamated credit union;
(6)  a notice defining the fiscal year of the amalgamated credit union and stating the name of the auditor, if any;
(7)  a certified copy of the resolution of the federation which has undertaken to admit the amalgamated credit union as a member, where that is the case;
Not in force
(7.1)  where applicable, a certified copy of the resolution of La Confédération des caisses populaires et d’économie Desjardins du Québec stating that it consents to the amalgamation and to the use of the proposed name;
(8)  the financial forecasts of the assets, liabilities and results for the first year of operation of the amalgamated credit union;
(9)  any other document required by regulation of the Government.
However, the notice prescribed in paragraph 5 of the first paragraph need not accompany the articles if they are transmitted to the Inspector General with the initial declaration under the Act respecting the legal publicity of enterprises (chapter P-44.1).
1988, c. 64, s. 60; 1993, c. 48, s. 179; 1996, c. 69, s. 20; 2010, c. 7, s. 282.
60. The articles of amalgamation must be accompanied with
(1)  a joint application requesting the Inspector General to authorize the amalgamation of the credit unions, signed by the persons authorized for that purpose;
(2)  a duplicate of the amalgamation agreement;
(3)  a certified copy of each by-law approving the amalgamation;
(4)  a memorandum signed by the amalgamating credit unions setting forth the reasons for and objectives of the amalgamation;
(5)  a notice of the address of the head office of the amalgamated credit union;
(6)  a notice defining the fiscal year of the amalgamated credit union and stating the name of the auditor, if any;
(7)  a certified copy of the resolution of the federation which has undertaken to admit the amalgamated credit union as a member, where that is the case;
Not in force
(7.1)  where applicable, a certified copy of the resolution of La Confédération des caisses populaires et d’économie Desjardins du Québec stating that it consents to the amalgamation and to the use of the proposed name;
(8)  the financial forecasts of the assets, liabilities and results for the first year of operation of the amalgamated credit union;
(9)  any other document required by regulation of the Government.
However, the notice prescribed in paragraph 5 of the first paragraph need not accompany the articles if they are transmitted to the Inspector General with the initial declaration under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45).
1988, c. 64, s. 60; 1993, c. 48, s. 179; 1996, c. 69, s. 20.
60. The articles of amalgamation must be accompanied with
(1)  a joint application requesting the Inspector General to authorize the amalgamation of the credit unions, signed by the directors authorized for that purpose;
(2)  a duplicate of the amalgamation agreement;
(3)  a certified copy of each by-law approving the amalgamation;
(4)  a memorandum signed by the amalgamating credit unions setting forth the reasons for and objectives of the amalgamation;
(5)  a notice of the address of the head office of the amalgamated credit union;
(6)  a notice defining the fiscal year of the amalgamated credit union and stating the name of the auditor, if any;
(7)  a certified copy of the resolution of the federation which has undertaken to admit the amalgamated credit union as a member, where that is the case;
(8)  the financial forecasts of the assets, liabilities and results for the first year of operation of the amalgamated credit union;
(9)  any other document required by regulation of the Government.
However, the notice prescribed in paragraph 5 of the first paragraph need not accompany the articles if they are transmitted to the Inspector General with the initial declaration under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45).
1988, c. 64, s. 60; 1993, c. 48, s. 179.
60. The articles of amalgamation must be accompanied with
(1)  a joint application requesting the Inspector General to authorize the amalgamation of the credit unions, signed by the directors authorized for that purpose;
(2)  a duplicate of the amalgamation agreement;
(3)  a certified copy of each by-law approving the amalgamation;
(4)  a memorandum signed by the amalgamating credit unions setting forth the reasons for and objectives of the amalgamation;
(5)  a notice of the address of the head office of the amalgamated credit union;
(6)  a notice defining the fiscal year of the amalgamated credit union and stating the name of the auditor, if any;
(7)  a certified copy of the resolution of the federation which has undertaken to admit the amalgamated credit union as a member, where that is the case;
(8)  the financial forecasts of the assets, liabilities and results for the first year of operation of the amalgamated credit union;
(9)  any other document required by regulation of the Government.
1988, c. 64, s. 60.
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