60. No capital share or investment share shall entitle its holder, in the event of the winding-up, insolvency or dissolution of the financial services cooperative, to be reimbursed before the deposits and the other debts of the cooperative have been repaid. However, such shares have priority over qualifying shares.
Despite the first paragraph, in the event of the winding-up, insolvency or dissolution of a federation,
(1) investment shares have priority over capital shares and qualifying shares;
(2) capital shares rank equally with qualifying shares.
2000, c. 29, s. 60; 2011, c. 18, s. 78.