C-67.2 - Cooperatives Act

Section 246.1 Disposition versions

2024-02-21

246.1. Whoever

(1)  contravenes section 146 or 146.1, the third paragraph of section 188 or section 221.2.4;

(2)  contravenes section 147, 149 or 149.3 or makes any other unlawful apportionment of sums belonging to a cooperative;

(3)  transfers the balance of the assets of a cooperative being wound up to a person other than a person referred to in any of sections 185 and 185.1, the second paragraph of section 208 and sections 210 and 221.2.10;

(4)  alienates an immovable that was acquired, built, restored or renovated with the help of housing assistance without the Ministers’ joint authorization required under section 221.2.5; or

(5)  is able, through one or more transactions which resulted in evasion of the obligation to obtain the Ministers’ joint authorization required under section 221.2.5, to take in payment an immovable acquired, built, restored or renovated with the help of housing assistance or to exercise another hypothecary right on such an immovable

is guilty of an offence.

2015, c. 3, s. 43; 2024, c. 2, ss. 42 and 43.

2015-04-29

246.1. Whoever

(1)  contravenes section 146 or 146.1, the third paragraph of section 188 or section 221.2.4;

(2)  contravenes section 147, 149 or 149.3 or makes any other unlawful apportionment of sums belonging to a cooperative;

(3)  transfers the balance of the assets of a cooperative being wound up to a person other than a person referred to in any of sections 185 and 185.1, the second paragraph of section 208 and sections 210 and 221.2.10;

(4)  alienates a building that was built, acquired, restored or renovated under a housing assistance program without the authorization of the Minister required under section 221.2.5; or

(5)  is able, through one or more transactions which resulted in evasion of the obligation to obtain the Minister’s authorization required under section 221.2.5, to take in payment a building built, acquired, restored or renovated under a housing assistance program or to exercise another hypothecary right on such a building

is guilty of an offence.

2015, c. 3, s. 43.