E-3.2 - Election Act

Section 339 Disposition versions

1999-04-01

339. The application for authorization to merge is made by means of a joint application in writing.

The joint application shall

(1)  be accompanied on the date of the joint application, for each of the applying parties, with a balance-sheet to which the cash balance, the amount of investment and the total amount of debt for each of their authorities is attached;

(2)  produce, in respect of the party that will result from the proposed merger, the information contemplated in sections 326 and 384;

(3)  indicate how each of the authorities of the applying parties will be affected by the proposed merger;

(4)  produce, for each of the authorities of the party that will result from the proposed merger, the information contemplated in section 329;

(5)  indicate the proposed date of merger.

1984, c. 51, s. 339.