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A-32 - Act respecting insurance
Section 200.0.4
Disposition versions
Not in force
200.0.4. Notwithstanding any special Act that is applicable to it, a mutual insurance company may, with the authorization of the Minister, be converted into a capital stock insurance company in accordance with the regulations of the Government and be continued under the Business Corporations Act (chapter S-31.1).
A mutual insurance company wishing to be so authorized shall submit to the Minister a proposal for its conversion into a capital stock company. The proposal must be consistent with the regulations of the Government.
Before granting an authorization, the Minister shall obtain the advice of the Authority.
Not in force
200.0.4. Notwithstanding any special Act that is applicable to it, a mutual insurance company may, with the authorization of the Minister, be converted into a capital stock insurance company in accordance with the regulations of the Government and be continued under Part IA of the Companies Act (chapter C‐38).
A mutual insurance company wishing to be so authorized shall submit to the Minister a proposal for its conversion into a capital stock company. The proposal must be consistent with the regulations of the Government.
Before granting an authorization, the Minister shall obtain the advice of the Authority.
