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C-67.3 - Act respecting financial services cooperatives

Section 271
Disposition versions

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271. The amalgamating credit unions shall prepare an amalgamation agreement, in duplicate, setting out
(1)  the name of the amalgamated credit union and the judicial district in which its head office will be situated;
(2)  the name and address of each of the first members of the board of directors and of the board of supervision;
(3)  the mode of election of subsequent members of the board of directors and of the board of supervision;
(4)  the number of shares issued by each of the amalgamating credit unions or a statement that all such shares will be converted into shares of the amalgamated credit union, the price of each share and the manner of converting them into shares of the amalgamated credit union;
(5)  the conditions and restrictions concerning the exercise of certain powers or the pursuit of certain activities;
(6)  (paragraph repealed);
(7)  (paragraph repealed).
2000, c. 29, s. 271; 2005, c. 35, s. 35; 2018, c. 23, s. 162.
271. Two or more credit unions may amalgamate. The amalgamating credit unions shall prepare an amalgamation agreement, in duplicate, setting out
(1)  the name of the amalgamated credit union, the judicial district of its head office and, if applicable, the name of the federation of which it will be a member;
(2)  the name and address of each of the first members of the board of directors and of the board of supervision;
(3)  the mode of election of subsequent members of the board of directors and of the board of supervision;
(4)  the number of shares issued by each of the amalgamating credit unions or a statement that all such shares will be converted into shares of the amalgamated credit union, the price of each share and the manner of converting them into shares of the amalgamated credit union;
(5)  the conditions and restrictions concerning the exercise of certain powers or the pursuit of certain activities;
(6)  the consent of the federation that has undertaken to admit the amalgamated credit union as a member;
(7)  the consent to the use of the proposed name, where a regulation made under section 19 applies to the name.
2000, c. 29, s. 271; 2005, c. 35, s. 35.
271. Two or more credit unions may amalgamate. The amalgamating credit unions shall prepare an amalgamation agreement, in duplicate, setting out
(1)  the name of the amalgamated credit union, the judicial district of its head office and, if applicable, the name of the federation of which it will be a member;
(2)  the name and address of each of the first members of the board of directors and of the board of audit and ethics;
(3)  the mode of election of subsequent members of the board of directors and of the board of audit and ethics;
(4)  the number of shares issued by each of the amalgamating credit unions or a statement that all such shares will be converted into shares of the amalgamated credit union, the price of each share and the manner of converting them into shares of the amalgamated credit union;
(5)  the conditions and restrictions concerning the exercise of certain powers or the pursuit of certain activities;
(6)  the consent of the federation that has undertaken to admit the amalgamated credit union as a member;
(7)  the consent to the use of the proposed name, where a regulation made under section 19 applies to the name.
2000, c. 29, s. 271.
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