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C-4.1 - Savings and Credit Unions Act

Section 85
Disposition versions

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85. No preferred share shall entitle its holder to obtain, in the event of the winding-up, insolvency or dissolution of the credit union, any payment for his shares before the deposits and other liabilities of the credit union have been paid. However, preferred shares have priority over qualifying shares and permanent shares.
1988, c. 64, s. 85.
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