S-25.1 - Act respecting the sociétés d’entraide économique

Section 4 Disposition versions

1982-01-13

4. However, the Minister may exempt the federation from preparing a conversion plan for a union,

(1)  if a joint petition under section 98 of the Savings and Credit Unions Act (chapter C-4) has been submitted to him by the union for the confirmation of a joint agreement for the purpose of an amalgamation;

(2)  if a by-law to change the affiliation of the union has been submitted to him for approval;

(3)  if the members have decided to wind up the affairs of the union in accordance with section 106 of the said Act;

(4)  if the powers of its board of directors, of its board of supervision or of the committee on credit are suspended in accordance with section 103 of the said Act;

(5)  if the union has received, in accordance with section 110 of the said Act, the notice required before ordering the dissolution.

1981, c. 31, s. 4.