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S-39 - Stock-breeding Syndicates Act

Section 31
Disposition versions

Full text
31. If a syndicate cease for two years to own stock for breeding purposes and to comply with the requirements of this Act, the Minister may, on application of the board of directors, declare it dissolved, realize its property, use the proceeds to pay the debts of the syndicate and divide the net assets between the members in proportion to the shares subscribed and paid up.
Where a syndicate is dissolved by the Minister, the Minister shall transmit a notice of dissolution to the Inspector General, who shall deposit it in the register.
R. S. 1964, c. 115, s. 31; 1993, c. 48, s. 506.
31. If a syndicate cease for two years to own stock for breeding purposes and to comply with the requirements of this act, the Minister may, on application of the board of directors, declare it dissolved, realize its property, use the proceeds to pay the debts of the syndicate and divide the net assets between the members in proportion to the shares subscribed and paid up.
R. S. 1964, c. 115, s. 31.
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