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

Section 3 Disposition versions

1999-10-22

3. The conversion plan of a union must contain

(1)  its name;

(2)  the location of its head office;

(3)  the amount of the paid-up capital stock on 30 November 1981, indicating the portion of that amount that was subscribed before 23 August 1981;

(4)  the name and address of each shareholder on 30 November 1981;

(5)  the number of shares held by each shareholder on 30 November 1981, specifying those subscribed before 23 August 1981 and the amount of money such shares represent;

(6)  the number of shares, for each shareholder, that will be converted into share capital of the company resulting from the continuance and the amount of money such shares represent;

(7)  the description and the amount of the authorized share capital of the company resulting from the continuance;

(8)  the number of shares, for each shareholder, that will be converted into deposits, and the amount of money such deposits represent;

(9)  the interest rates and maturity dates that will be fixed for the deposits resulting from the conversion of the shares;

(10)  the proportion of the operating surplus which may be allocated, for the current fiscal year, to the payment of the interest on the sums paid on the shares or to the payment of rebates to depositors or borrowers;

(11)  any other provision that may be determined by the Minister.

1981, c. 31, s. 3; 1999, c. 40, s. 302.

1982-01-13

3. The conversion plan of a union must contain

(1)  its corporate name;

(2)  the location of its head office;

(3)  the amount of the paid-up capital stock on 30 November 1981, indicating the portion of that amount that was subscribed before 23 August 1981;

(4)  the surname, given name and address of each shareholder on 30 November 1981;

(5)  the number of shares held by each shareholder on 30 November 1981, specifying those subscribed before 23 August 1981 and the amount of money such shares represent;

(6)  the number of shares, for each shareholder, that will be converted into share capital of the company resulting from the continuance and the amount of money such shares represent;

(7)  the description and the amount of the authorized share capital of the company resulting from the continuance;

(8)  the number of shares, for each shareholder, that will be converted into deposits, and the amount of money such deposits represent;

(9)  the interest rates and maturity dates that will be fixed for the deposits resulting from the conversion of the shares;

(10)  the proportion of the operating surplus which may be allocated, for the current fiscal year, to the payment of the interest on the sums paid on the shares or to the payment of rebates to depositors or borrowers;

(11)  any other provision that may be determined by the Minister.

1981, c. 31, s. 3.