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C-67.2 - Cooperatives Act
Section 208
Disposition versions
208. In case of a winding-up, the balance of the assets must be distributed to the persons or partnerships that were members of the cooperative during the three fiscal years preceding the year in which the winding-up was voted, in proportion to the amount of business done by them during the period determined by the general meeting.
The members may, however, decide to remit all or part of the balance to another agricultural cooperative or La Coop fédérée.
208. In case of a winding-up, the balance of the assets must be distributed to the persons or partnerships that were members of the cooperative during the three fiscal years preceding the year in which the winding-up was voted, in proportion to the amount of business done by them during the period determined by the general meeting.
The members may, however, decide to remit all or part of the balance to another agricultural cooperative or the Coopérative fédérée de Québec.
208. In case of a winding-up, the balance of the assets must be distributed to the persons who were members of the cooperative during the three fiscal years preceding the year in which the winding-up was voted, in proportion to the amount of business done by them during the period determined by the general meeting.
The members may, however, decide to remit all or part of the balance to another agricultural cooperative or the Coopérative fédérée de Québec.
