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A-32 - Act respecting insurance
Section 200.0.7
Disposition versions
Not in force
200.0.7. Demutualization is effected, subject to the authorization of the Minister, by a by-law of the company.
The by-law must authorize one of the directors to sign the articles of demutualization, which must specify the classes of insurance the company is authorized to transact.
The board of directors may, before the certificate is drawn up, revoke the by-law if the by-law gives the board of directors the power to do so.
