A-32 - Act respecting insurance

Section 365 Disposition versions

2003-02-12

365. The licence of any insurer is without effect from such time as:

(a)  its charter is repealed or annulled or expires or its articles are cancelled;

(b)  its powers as a legal person are revoked;

(c)  it adopts a resolution prescribing its own winding-up;

(d)  a winding-up order is made against it by any competent court.

1974, c. 70, s. 365; 1996, c. 63, s. 80; 2002, c. 70, s. 145.

1996-12-23

365. The licence of any insurer is without effect from such time as:

(a)  its charter is repealed or annulled or expires;

(b)  its powers as a legal person are revoked;

(c)  it adopts a resolution prescribing its own winding-up;

(d)  a winding-up order is made against it by any competent court.

1974, c. 70, s. 365; 1996, c. 63, s. 80.

1977-12-31

365. The licence of any insurer becomes null by operation of law from such time as:

(a)  its charter is repealed or annulled or expires;

(b)  its powers as a corporation are revoked;

(c)  it adopts a resolution prescribing its own winding-up;

(d)  a winding-up order is made against it by any competent court.

1974, c. 70, s. 365.