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A-32 - Act respecting insurance

Section 93.11
Disposition versions

Full text
93.11. Every mutual insurance association is bound by any deed performed in its interest before its constitution if it confirms the deed within ninety days of its constitution.
The confirmation transfers to the association the rights and obligations of the person who performed the deed but does not of itself effect novation. The person who performed the deed has the same rights and is bound by the same obligations as a mandatary of the association.
1985, c. 17, s. 6; 1999, c. 40, s. 33.
93.11. Every mutual insurance association is bound by any deed performed in its interest before its incorporation if it confirms the deed within ninety days of its incorporation.
The confirmation transfers to the association the rights and obligations of the person who performed the deed but does not of itself effect novation. The person who performed the deed has the same rights and is bound by the same obligations as a mandatary of the association.
1985, c. 17, s. 6.
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