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C-67.2 - Cooperatives Act

Section 154
Disposition versions

Full text
154. In no case may cooperatives amalgamate, however, if there is reasonable ground to believe that
(1)  the cooperative resulting from the amalgamation could not discharge its liabilities when due;
(2)  the book value of the assets of the cooperative resulting from the amalgamation would be less than the sum of its liabilities and the sums representing the value of the paid-up capital stock.
1982, c. 26, s. 154.
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