Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-4.1 - Savings and Credit Unions Act

Section 72
Disposition versions

Full text
72. No credit union may redeem the qualifying shares it has issued except in the event of the death, withdrawal or expulsion of a member or in the event of the winding-up, insolvency or dissolution of the credit union.
A member shall be presumed to have withdrawn if the property that the credit union owes to or holds for the member becomes property to which the Unclaimed Property Act (chapter B-5.1) applies.
1988, c. 64, s. 72; 1997, c. 80, s. 49; 2011, c. 10, s. 67.
72. No credit union may redeem the qualifying shares it has issued except in the event of the death, withdrawal or expulsion of a member or in the event of the winding-up, insolvency or dissolution of the credit union.
A member shall be presumed to have withdrawn if the property that the credit union owes to or holds for the member becomes unclaimed property within the meaning of the Public Curator Act (chapter C‐81).
1988, c. 64, s. 72; 1997, c. 80, s. 49.
72. No credit union may redeem the qualifying shares it has issued except in the event of the death, withdrawal or expulsion of a member or in the event of the winding-up, insolvency or dissolution of the credit union.
1988, c. 64, s. 72.
© Gouvernement du Québec