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C-67.3 - Act respecting financial services cooperatives
Section 547.52
Disposition versions
547.52. The liquidator shall exercise the rights and perform the obligations of the legal person to be wound up under the name of the financial services cooperative or Fund that, before the amalgamation referred to in the first paragraph of section 547.51, held those rights and owed those obligations.
The liquidator shall exercise the rights the legal person has acquired and perform the obligations to which it is bound after the amalgamation under the name that must be assigned to it in the declaration of amalgamation/ winding-up.
Creditors of a financial services cooperative or of the Fund before the amalgamation referred to in the first paragraph of section 547.51 may file any judicial application against the legal person to be wound up, whether under the latter’s name or the cooperative’s or Fund’s name.
Not in force
547.52. The liquidator shall exercise the rights and perform the obligations of the legal person to be wound up under the name of the financial services cooperative or Fund that, before the amalgamation referred to in the first paragraph of section 547.51, held those rights and owed those obligations.
The liquidator shall exercise the rights the legal person has acquired and perform the obligations to which it is bound after the amalgamation under the name that must be assigned to it in the declaration of amalgamation/ winding-up.
Creditors of a financial services cooperative or of the Fund before the amalgamation referred to in the first paragraph of section 547.51 may file any judicial application against the legal person to be wound up, whether under the latter’s name or the cooperative’s or Fund’s name.
