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C-67.2 - Cooperatives Act

Section 257
Disposition versions

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257. A cooperative liable to dissolution under section 188 may continue as a business corporation governed by the Business Corporations Act (chapter S-31.1) or as a legal person governed by Part III of the Companies Act (chapter C-38).
To do so, the cooperative must submit a plan of continuance, which must be approved by the Minister and then authorized by its members.
1982, c. 26, s. 257; 1995, c. 67, s. 152; 2003, c. 18, s. 147; 2009, c. 52, s. 576.
257. A cooperative liable to dissolution under paragraph 6 of section 188 must, in order to continue under Part IA or under Part III of the Companies Act (chapter C‐38), submit a plan of continuance that must be approved by the Minister.
1982, c. 26, s. 257; 1995, c. 67, s. 152; 2003, c. 18, s. 147.
257. A cooperative liable to dissolution under paragraph 6 of section 188 must, in order to continue under Part IA of the Companies Act (chapter C-38), submit a plan of continuance that must be approved by the Minister.
1982, c. 26, s. 257; 1995, c. 67, s. 152.
257. A cooperative liable to dissolution under paragraph 6 of section 188 or a cooperative syndicate governed by the Cooperative Syndicates Act (chapter S-38) must, in order to continue under Part IA of the Companies Act (chapter C-38), submit a plan of continuance that must be approved by the Minister.
1982, c. 26, s. 257.
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