395. Every legal person that has decided to effect its winding-up must give notice of it to the Inspector General by filing a declaration to that effect in accordance with the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45), and forward to him a copy of the resolution passed for that purpose by the general meeting; a similar notice must also be mailed to each policyholder and published in a daily newspaper circulating in the locality where the legal person has its head office.
The notice must indicate the date on which the legal person will cease to transact insurance, the name and address of the liquidator and the postal address where interested persons may send him their claims.
1974, c. 70, s. 395; 1982, c. 52, s. 80; 1993, c. 48, s. 165; 1996, c. 63, s. 80.