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A-32 - Act respecting insurance
Section 71
Disposition versions
71. The sums that the company may apply to the purchase of its shares for the purposes of conversion into a mutual company shall not exceed the excess of its assets over its liabilities less the sums already paid to purchase shares under the by-law contemplated in section 69 and 10 per cent of the assets of the company, or a lesser percentage established by the Minister.
71. The sums that the company may apply to the purchase of its shares for the purposes of conversion into a mutual company shall not exceed the excess of its assets over its liabilities less the sums already paid to purchase shares under the by-law contemplated in section 69 and 10 per cent of the assets of the company, or a lesser percentage established by the Government.
