409. The chief electoral officer shall liquidate the assets of the party.
He shall pay the debts of the party out of the sums remitted to him and the proceeds of the liquidation of its assets. However, if the party’s liabilities exceed the assets, the chief electoral officer shall pay the respective creditors on a pro rata basis.
1987, c. 57, s. 409; 2002, c. 37, s. 183.