171. Every financial services cooperative that has decided to wind up its operations must transmit to the Authority a certified true copy of the resolution of winding up. It must also notify the enterprise registrar by producing a declaration to that effect, in accordance with the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P‐45), within 10 days of passing the resolution.
The cooperative shall cause a notice to that effect to be published.
Every credit union that has decided to effect the winding-up of its business must also give notice to the federation within 10 days after the passing of a resolution to that effect and forward to the federation, within the same time, a certified copy of the resolution.
The notice shall indicate the name and address of the liquidator and the address to which claims may be sent by interested persons.
2000, c. 29, s. 171; 2002, c. 45, s. 312; 2004, c. 37, s. 90.