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C-67.3 - Act respecting financial services cooperatives

Section 180
Disposition versions

Full text
180. The Minister may, if the Minister considers it advisable and after obtaining the advice of the Authority, request the latter to dissolve a financial services cooperative if
(1)  the number of members is reduced to less than 12;
(2)  the organization meeting has not been held in the year following the date of establishment;
(3)  the cooperative has failed, for three consecutive years, to hold an annual meeting or to furnish a copy of its annual report to the Authority;
(4)  the liquidator has failed to transmit to the Authority the reports or information required under sections 176 to 178.
2000, c. 29, s. 180; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
180. The Minister may, if the Minister considers it advisable and after obtaining the advice of the Agency, request the latter to dissolve a financial services cooperative if
(1)  the number of members is reduced to less than 12;
(2)  the organization meeting has not been held in the year following the date of establishment;
(3)  the cooperative has failed, for three consecutive years, to hold an annual meeting or to furnish a copy of its annual report to the Agency;
(4)  the liquidator has failed to transmit to the Agency the reports or information required under sections 176 to 178.
2000, c. 29, s. 180; 2002, c. 45, s. 338.
180. The Minister may, if the Minister considers it advisable and after obtaining the advice of the Inspector General, request the latter to dissolve a financial services cooperative if
(1)  the number of members is reduced to less than 12;
(2)  the organization meeting has not been held in the year following the date of establishment;
(3)  the cooperative has failed, for three consecutive years, to hold an annual meeting or to furnish a copy of its annual report to the Inspector General;
(4)  the liquidator has failed to transmit to the Inspector General the reports or information required under sections 176 to 178.
2000, c. 29, s. 180.
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