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A-24 - Cooperative Associations Act

Section 104
Disposition versions

Full text
104. An association may decide to wind up its affairs by the affirmative vote of three-fourths of the members present at a general meeting called for such purpose.
Such meeting shall then appoint, by the majority of the members present, one or three liquidators who shall be entitled to immediate possession of the property of the association.
The provisions of Divisions II and III of the Winding-up Act (chapter L-4) which are not inconsistent with those of this division shall apply mutatis mutandis to the winding-up so decided upon.
R. S. 1964, c. 292, s. 98; 1968, c. 75, s. 2.
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