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A-32 - Act respecting insurance

Section 174
Disposition versions

Full text
174. Subject to the other applicable provisions, the charter of a mutual association may be annulled in accordance with the formalities provided in section 41, after
(a)  two years of non-user dating from constitution;
(b)  one year of non-user following a period of activity;
(c)  its licence has been suspended for one year or has remained cancelled for three months, without issue of a new licence.
1974, c. 70, s. 174; 1993, c. 48, s. 153; 1999, c. 40, s. 33.
174. Subject to the other applicable provisions, the charter of a mutual association may be annulled in accordance with the formalities provided in section 41, after
(a)  two years of non-user dating from incorporation;
(b)  one year of non-user following a period of activity;
(c)  its licence has been suspended for one year or has remained cancelled for three months, without issue of a new licence.
1974, c. 70, s. 174; 1993, c. 48, s. 153.
174. Subject to the other applicable provisions, the charter of a mutual association may be annulled in accordance with the formalities provided in sections 26 and 27 of the Companies Act, after
(a)  two years of non-user dating from incorporation;
(b)  one year of non-user following a period of activity;
(c)  its licence has been suspended for one year or has remained cancelled for three months, without issue of a new licence.
1974, c. 70, s. 174.
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