C-67.2 - Cooperatives Act

Section 246.1 Disposition versions

2015-04-29

246.1. Whoever

(1)  contravenes section 146 or 146.1, the third paragraph of section 188 or section 221.2.4;

(2)  contravenes section 147, 149 or 149.3 or makes any other unlawful apportionment of sums belonging to a cooperative;

(3)  transfers the balance of the assets of a cooperative being wound up to a person other than a person referred to in any of sections 185 and 185.1, the second paragraph of section 208 and sections 210 and 221.2.10;

(4)  alienates a building that was built, acquired, restored or renovated under a housing assistance program without the authorization of the Minister required under section 221.2.5; or

(5)  is able, through one or more transactions which resulted in evasion of the obligation to obtain the Minister’s authorization required under section 221.2.5, to take in payment a building built, acquired, restored or renovated under a housing assistance program or to exercise another hypothecary right on such a building

is guilty of an offence.

2015, c. 3, s. 43.