Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

A-32 - Act respecting insurance

Section 186
Disposition versions

Full text
186. Legal persons proposing to amalgamate shall draw up an agreement in duplicate prescribing:
(a)  the conditions of the amalgamation and the mode of carrying it out;
(b)  the name of the legal person resulting from the amalgamation;
(c)  the head office of the legal person resulting from the amalgamation;
(d)  the classes of insurance to be transacted;
(e)  the names, occupations and domiciles of its first directors;
(f)  the mode of election of its directors;
(g)  in the case of capital stock companies, the number of shares constituting the capital of each amalgamating company, the par value of each share, and the mode of conversion of the capital stock;
(g.1)  in the case of capital stock companies, the name, occupation and place of residence of every natural person who, from amalgamation, would hold, alone or with his associates within the meaning of section 49, 10% or more of the voting rights attached to the shares in the company, and the name and place of constitution or continuance of every legal person that, from amalgamation, would hold, alone or with its associates within the meaning of section 49, 10% or more of the voting rights attached to the shares in the company, and the name of the shareholder who holds a controlling interest in the legal person;
(h)  in the case of mutual insurance companies and mutual benefit associations, the number of members of each and the amounts and kind of insurance they have contracted with each or, as the case may be, the payments or other guaranteed benefits;
(h.1)  in the case of mutual insurance associations, the name of the federation with which the mutual insurance association resulting from the amalgamation shall be affiliated, the number of common shares subscribed in each amalgamating mutual insurance association, the price of each share and the modalities of their conversion into common shares of the mutual insurance association resulting from the amalgamation;
(i)  any other measure necessary to the amalgamation and to the administration and operation of the new legal person.
Each interested legal person shall call its general meeting and submit the agreement to it for approval.
1974, c. 70, s. 186; 1985, c. 17, s. 23; 1990, c. 86, s. 22; 1996, c. 63, s. 80, s. 83, s. 88; 1999, c. 40, s. 33; 2009, c. 52, s. 512.
186. Legal persons proposing to amalgamate shall draw up an agreement in duplicate prescribing:
(a)  the conditions of the amalgamation and the mode of carrying it out;
(b)  the name of the legal person resulting from the amalgamation;
(c)  the head office of the legal person resulting from the amalgamation;
(d)  the classes of insurance to be transacted;
(e)  the names, occupations and domiciles of its first directors;
(f)  the mode of election of its directors;
(g)  in the case of joint stock companies, the number of shares constituting the capital of each amalgamating company, the par value of each share, and the mode of conversion of the capital stock;
(g.1)  in the case of joint stock companies, the name, occupation and place of residence of every natural person who, from amalgamation, would hold, alone or with his associates within the meaning of section 49, 10% or more of the voting rights attached to the shares in the company, and the name and place of constitution or continuance of every legal person that, from amalgamation, would hold, alone or with its associates within the meaning of section 49, 10% or more of the voting rights attached to the shares in the company, and the name of the shareholder who holds a controlling interest in the legal person;
(h)  in the case of mutual insurance companies and mutual benefit associations, the number of members of each and the amounts and kind of insurance they have contracted with each or, as the case may be, the payments or other guaranteed benefits;
(h.1)  in the case of mutual insurance associations, the name of the federation with which the mutual insurance association resulting from the amalgamation shall be affiliated, the number of common shares subscribed in each amalgamating mutual insurance association, the price of each share and the modalities of their conversion into common shares of the mutual insurance association resulting from the amalgamation;
(i)  any other measure necessary to the amalgamation and to the administration and operation of the new legal person.
Each interested legal person shall call its general meeting and submit the agreement to it for approval.
1974, c. 70, s. 186; 1985, c. 17, s. 23; 1990, c. 86, s. 22; 1996, c. 63, s. 80, s. 83, s. 88; 1999, c. 40, s. 33.
186. Legal persons proposing to amalgamate shall draw up an agreement in duplicate prescribing:
(a)  the conditions of the amalgamation and the mode of carrying it out;
(b)  the name of the legal person resulting from the amalgamation;
(c)  the head office of the legal person resulting from the amalgamation;
(d)  the classes of insurance to be transacted;
(e)  the names, occupations and domiciles of its first directors;
(f)  the mode of election of its directors;
(g)  in the case of joint stock companies, the number of shares constituting the capital of each amalgamating company, the par value of each share, and the mode of conversion of the capital stock;
(g.1)  in the case of joint stock companies, the name, occupation and place of residence of every natural person who, from amalgamation, would hold, alone or with his associates within the meaning of section 49, 10 % or more of the voting rights attached to the shares in the company, and the name and place of incorporation or continuance of every legal person that, from amalgamation, would hold, alone or with its associates within the meaning of section 49, 10 % or more of the voting rights attached to the shares in the company, and the name of the shareholder who holds a controlling interest in the legal person;
(h)  in the case of mutual insurance companies and mutual benefit associations, the number of members of each and the amounts and kind of insurance they have contracted with each or, as the case may be, the payments or other guaranteed benefits;
(h.1)  in the case of mutual insurance associations, the name of the federation with which the mutual insurance association resulting from the amalgamation shall be affiliated, the number of common shares subscribed in each amalgamating mutual insurance association, the price of each share and the modalities of their conversion into common shares of the mutual insurance association resulting from the amalgamation;
(i)  any other measure necessary to the amalgamation and to the administration and operation of the new legal person.
Each interested legal person shall call its general meeting and submit the agreement to it for approval.
1974, c. 70, s. 186; 1985, c. 17, s. 23; 1990, c. 86, s. 22; 1996, c. 63, s. 80, s. 83, s. 88.
186. Corporations proposing to amalgamate shall draw up an agreement in duplicate prescribing:
(a)  the conditions of the amalgamation and the mode of carrying it out;
(b)  the corporate name of the corporation resulting from the amalgamation;
(c)  the head office of the corporation resulting from the amalgamation;
(d)  the classes of insurance to be transacted;
(e)  the names in full, occupations and domiciles of its first directors;
(f)  the mode of election of its directors;
(g)  in the case of joint stock companies, the number of shares constituting the capital of each amalgamating company, the par value of each share, and the mode of conversion of the capital stock;
(g.1)  in the case of joint stock companies, the name in full, occupation and place of residence of every natural person who, from amalgamation, would hold, alone or with his associates within the meaning of section 49, 10 % or more of the voting rights attached to the shares in the company, and the corporate name and place of incorporation or continuance of every corporation that, from amalgamation, would hold, alone or with its associates within the meaning of section 49, 10 % or more of the voting rights attached to the shares in the company, and the name of the shareholder who holds a controlling interest in the corporation;
(h)  in the case of mutual insurance companies and mutual benefit associations, the number of members of each and the amounts and kind of insurance they have contracted with each or, as the case may be, the payments or other guaranteed benefits;
(h.1)  in the case of mutual insurance associations, the name of the federation with which the mutual insurance association resulting from the amalgamation shall be affiliated, the number of common shares subscribed in each amalgamating mutual insurance association, the price of each share and the modalities of their conversion into common shares of the mutual insurance association resulting from the amalgamation;
(i)  any other measure necessary to the amalgamation and to the administration and operation of the new corporation.
Each interested corporation shall call its general meeting and submit the agreement to it for approval.
1974, c. 70, s. 186; 1985, c. 17, s. 23; 1990, c. 86, s. 22.
186. Corporations proposing to amalgamate shall draw up an agreement in duplicate prescribing:
(a)  the conditions of the amalgamation and the mode of carrying it out;
(b)  the corporate name of the corporation resulting from the amalgamation;
(c)  the head office of the corporation resulting from the amalgamation;
(d)  the classes of insurance to be transacted;
(e)  the names in full, occupations and domiciles of its first directors;
(f)  the mode of election of its directors;
(g)  in the case of joint stock companies, the number of shares constituting the capital of each amalgamating company, the par value of each share, and the mode of conversion of the capital stock;
(h)  in the case of mutual insurance companies and mutual benefit associations, the number of members of each and the amounts and kind of insurance they have contracted with each or, as the case may be, the payments or other guaranteed benefits;
(h.1)  in the case of mutual insurance associations, the name of the federation with which the mutual insurance association resulting from the amalgamation shall be affiliated, the number of common shares subscribed in each amalgamating mutual insurance association, the price of each share and the modalities of their conversion into common shares of the mutual insurance association resulting from the amalgamation;
(i)  any other measure necessary to the amalgamation and to the administration and operation of the new corporation.
Each interested corporation shall call its general meeting and submit the agreement to it for approval.
1974, c. 70, s. 186; 1985, c. 17, s. 23.
186. Corporations proposing to amalgamate shall draw up an agreement in duplicate prescribing:
(a)  the conditions of the amalgamation and the mode of carrying it out;
(b)  the corporate name of the corporation resulting from the amalgamation;
(c)  the head office of the corporation resulting from the amalgamation;
(d)  the classes of insurance to be transacted;
(e)  the names in full, occupations and domiciles of its first directors;
(f)  the mode of election of its directors;
(g)  in the case of joint stock companies, the number of shares constituting the capital of each amalgamating company, the par value of each share, and the mode of conversion of the capital stock;
(h)  in the case of mutuals, the number of members of each and the amounts and kind of insurance they have contracted with each or, as the case may be, the payments or other guaranteed benefits;
(i)  any other measure necessary to the amalgamation and to the administration and operation of the new corporation.
Each interested corporation shall call its general meeting and submit the agreement to it for approval.
1974, c. 70, s. 186.
© Gouvernement du Québec