C-67.3 - Act respecting financial services cooperatives

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440. On the effective date of the amalgamation, the absorbed federation is continued as the absorbing federation and their patrimonies are joined together to form the patrimony of the absorbing federation. The rights and obligations of the absorbed federation become those of the absorbing federation and the latter becomes a party to any judicial or administrative proceeding to which the absorbed federation was a party.
2000, c. 29, s. 440; 2018, c. 23, s. 264.
440. From the date of amalgamation, the absorbing federation shall acquire the rights and assume the obligations of the absorbed federation.
The absorbed federation shall from that date be deemed to continue as the absorbing federation and its members shall become members of the absorbing federation.
2000, c. 29, s. 440.