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S-4.2 - Act respecting health services and social services

Section 451.12
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451.12. The liquidator shall first pay the debts of the institution and the costs and expenses of the liquidation.
The liquidator shall then, if the assets include property deriving from contributions made by a member of a legal person referred to in paragraph 1 of section 98, remit the property to the member at the member’s request. If the assets are insufficient to do so, the liquidator shall partition the assets in proportion to the respective rights of the members concerned.
Any residue devolves, without compensation, to the Government or to a legal person it designates, notwithstanding any inconsistent legislative provision.
1995, c. 28, s. 6.
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