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C-67.3 - Act respecting financial services cooperatives

Section 428
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428. Two or more federations may amalgamate. The amalgamating federations shall prepare an amalgamation agreement, in duplicate, setting out
(1)  the name of the amalgamated federation and the judicial district of its head office;
(2)  the name and address of each of the first members of the board of directors and of the board of ethics and professional conduct;
(3)  the mode of election or appointment of subsequent members of the board of directors and of the board of ethics and professional conduct;
(4)  the number of shares issued by each of the amalgamating federations or a statement that all such shares will be converted into shares of the amalgamated federation, the price of each share and the manner of converting them into shares of the amalgamated federation;
(5)  the conditions and restrictions concerning the exercise of certain powers or the pursuit of certain activities.
2000, c. 29, s. 428; 2005, c. 35, s. 36.
428. Two or more federations may amalgamate. The amalgamating federations shall prepare an amalgamation agreement, in duplicate, setting out
(1)  the name of the amalgamated federation and the judicial district of its head office;
(2)  the name and address of each of the first members of the board of directors and of the board of ethics;
(3)  the mode of election or appointment of subsequent members of the board of directors and of the board of ethics;
(4)  the number of shares issued by each of the amalgamating federations or a statement that all such shares will be converted into shares of the amalgamated federation, the price of each share and the manner of converting them into shares of the amalgamated federation;
(5)  the conditions and restrictions concerning the exercise of certain powers or the pursuit of certain activities.
2000, c. 29, s. 428.
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