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A-32 - Act respecting insurance

Section 38
Disposition versions

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38. The application for authorization addressed to the Authority must be signed by the president or vice-president and by the secretary of the company and filed with the fees prescribed by regulation of the Government. The application may not be presented unless
(1)  it is supported by a by-law approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a special meeting and by two-thirds of the insured participating in the profits and who are present;
(2)  a notice summarizing the contents of the by-law has been transmitted to the enterprise registrar for deposit in the register, accompanied with the fees set out in the Act respecting the legal publicity of enterprises (chapter P-44.1).
1974, c. 70, s. 38; 1982, c. 52, s. 79; 1993, c. 48, s. 115; 2002, c. 70, s. 20; 2008, c. 7, s. 22; 2010, c. 7, s. 178.
38. The application for authorization addressed to the Authority must be signed by the president or vice-president and by the secretary of the company. The application may not be presented unless
(1)  it is supported by a by-law approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a special meeting and by two-thirds of the insured participating in the profits and who are present;
(2)  a notice summarizing the contents of the by-law has been transmitted to the enterprise registrar for deposit in the register, accompanied with the fees prescribed by regulation of the Government.
1974, c. 70, s. 38; 1982, c. 52, s. 79; 1993, c. 48, s. 115; 2002, c. 70, s. 20; 2008, c. 7, s. 22.
38. The application for authorization addressed to the Minister must be signed by the president or vice-president and by the secretary of the company. The application may not be presented unless
(1)  it is supported by a by-law approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a special meeting and by two-thirds of the insured participating in the profits and who are present;
(2)  a notice summarizing the contents of the by-law has been transmitted to the enterprise registrar for deposit in the register, accompanied with the fees prescribed by regulation of the Government.
1974, c. 70, s. 38; 1982, c. 52, s. 79; 1993, c. 48, s. 115; 2002, c. 70, s. 20.
38. The application contemplated in section 37 must be signed by the president or vice-president and the secretary of the company. It shall not be presented to the Inspector General unless
(a)  it is supported by a by-law approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a meeting called for that purpose and by two-thirds of the insured participating in the profits and who are present;
(b)  a notice summarizing the contents of the by-law is transmitted to him for deposit in the register, accompanied with the fees prescribed by regulation of the Government.
1974, c. 70, s. 38; 1982, c. 52, s. 79; 1993, c. 48, s. 115.
38. The application contemplated in section 37 must be signed by the president or vice-president and the secretary of the company. It shall not be presented to the Inspector General unless
(a)  it is supported by a by-law approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a meeting called for that purpose and by two-thirds of the insured participating in the profits and who are present;
(b)  a notice summarizing the contents of the by-law is published in the Gazette officielle du Québec at least one week previously.
1974, c. 70, s. 38; 1982, c. 52, s. 79.
38. The application contemplated in section 37 must be signed by the president or vice-president and the secretary of the company. It shall not be presented to the Minister unless
(a)  it is supported by a by-law approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a meeting called for that purpose and by two-thirds of the insured participating in the profits and who are present;
(b)  a notice summarizing the contents of the by-law is published in the Gazette officielle du Québec at least one week previously.
1974, c. 70, s. 38.
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