A-32.1 - Insurers Act

Section 200 Disposition versions

2019-06-13

200. For the purpose of applying the provisions of the Business Corporations Act (chapter S-31.1) to mutual companies, the following modifications must be made:

(1)  the Authority is substituted for the enterprise registrar, except as regards maintaining an enterprise register; the Authority must send the enterprise registrar the documents relating to a corporation that must be filed with the enterprise register under the Business Corporations Act and this Act;

(2)  “mutual member” must be substituted for “shareholder”, except in the first paragraph of section 224, where “mutual members and shareholders” must be substituted for “shareholders”;

(3)  “part” in the French text must be substituted for “action” and “interest” must be substituted for “dividend”; and

(4)  a reference to articles of constitution is a reference to articles of constitution under this Act.

2018, c. 23, s. 3.

Not in force

In force: 2019-06-13

200. For the purpose of applying the provisions of the Business Corporations Act (chapter S-31.1) to mutual companies, the following modifications must be made:

(1)  the Authority is substituted for the enterprise registrar, except as regards maintaining an enterprise register; the Authority must send the enterprise registrar the documents relating to a corporation that must be filed with the enterprise register under the Business Corporations Act and this Act;

(2)  “mutual member” must be substituted for “shareholder”, except in the first paragraph of section 224, where “mutual members and shareholders” must be substituted for “shareholders”;

(3)  “part” in the French text must be substituted for “action” and “interest” must be substituted for “dividend”; and

(4)  a reference to articles of constitution is a reference to articles of constitution under this Act.

2018, c. 23, s. 3.