C-67.2 - Cooperatives Act

Section 262 Disposition versions

2005-11-17

262. The plan of continuance must provide

(1)  the name and domicile of each of the directors;

(2)  the mode of election of subsequent directors;

(3)  the terms and conditions of converting the shares into common shares or preferred shares or other securities of the cooperative resulting from the continuance;

(4)  if all the shares are not converted into shares of the cooperative resulting from the continuance, the sum of money or any other form of payment that holders of shares must receive in addition to or instead of the shares of the cooperative resulting from the continuance;

(5)  the by-laws of the cooperative resulting from the continuance;

(5.1)  where the cooperative resulting from the continuance is an agricultural cooperative, whether or not it is governed by Division I of Chapter I of Title II of the Act;

(5.2)  the effective date of the continuance, if that date is subsequent to the date of approval;

(6)  where necessary, the provisions required to complete the continuance and to ensure the organization and management of the cooperative resulting from the continuance.

1982, c. 26, s. 262; 1995, c. 67, s. 154; 2003, c. 18, s. 150.

1997-02-14

262. The plan of continuance must provide

(1)  the name and domicile of each of the first directors;

(2)  the mode of election of subsequent directors;

(3)  the terms and conditions of converting the shares into common shares or preferred shares or other securities of the cooperative resulting from the continuance;

(4)  if all the shares are not converted into shares of the cooperative resulting from the continuance, the sum of money or any other form of payment that holders of shares must receive in addition to or instead of the shares of the cooperative resulting from the continuance;

(5)  the by-laws of the cooperative resulting from the continuance;

(5.1)  where the cooperative resulting from the continuance is an agricultural cooperative, whether or not it is governed by Chapter I of Title II of the Act;

(6)  where necessary, the provisions required to complete the continuance and to ensure the organization and management of the cooperative resulting from the continuance.

1982, c. 26, s. 262; 1995, c. 67, s. 154.

1983-12-21

262. The plan of continuance must provide

(1)  the surname, given name, address and occupation of each of the first directors;

(2)  the mode of election of subsequent directors;

(3)  the terms and conditions of converting the shares into common shares or preferred shares or other securities of the cooperative resulting from the continuance;

(4)  if all the shares are not converted into common or preferred shares of the cooperative resulting from the continuance, the sum of money or any other form of payment that holders of shares must receive in addition to or instead of the shares of the cooperative resulting from the continuance;

(5)  the by-laws of internal management and the general by-laws of the cooperative resulting from the continuance;

(6)  where necessary, the provisions required to complete the continuance and to ensure the organization and management of the cooperative resulting from the continuance.

1982, c. 26, s. 262.