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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 40.29
Disposition versions

Full text
40.29. As of the date of effect shown on the certificate,
(1)  all the legal persons involved in the amalgamation/continuance are continued as one Québec savings company and their patrimonies are joined together to form the patrimony of that savings company; and
(2)  the rights and obligations of the legal persons involved in the amalgamation/continuance become rights and obligations of the Québec savings company resulting from the amalgamation/continuance and the latter becomes a party to any judicial or administrative proceeding to which those legal persons were parties.
2018, c. 23, s. 376.
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