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A-32 - Act respecting insurance

Section 393
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393. The winding-up of a mutual association may be decided by the affirmative vote of three-fourths of the members present at a general meeting called for that purpose.
The meeting shall then appoint, by a majority of the members present, one or three liquidators who are entitled to immediate possession of the property of the association.
1974, c. 70, s. 393.
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