S-25.1 - Act respecting the sociétés d’entraide économique

Section 200 Disposition versions

1982-03-01

200. The balance of the surplus account and that of the general reserve of a caisse d’entraide économique form part, from the date on which it is continued as a company governed by Title II, of the account of the unallocated profit of the company.

Overpayments of a union continued as a company are allocated, in the proportion contemplated in the conversion plan, to payment of the interest on the amounts paid on the shares held immediately before the continuance or to payment of rebates to depositors or borrowers as if the company were still a union. Any remainder of the overpayments also forms part of the account of the unallocated profit of the company.

1981, c. 31, s. 200.