S-29.01 - Act respecting trust companies and savings companies

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31. The company that applied for continuance shall cease to exist on the date appearing on the certificate of continuance.
The company resulting from the continuance shall have the rights and assume the obligations of the company that applied for continuance.
1987, c. 95, s. 31; 2009, c. 52, s. 684.
31. The company resulting from the continuance has, under the name indicated in the by-law, all the rights and obligations of the continued company and proceedings pending may be continued by or against it without continuance of suit.
1987, c. 95, s. 31.