331. The integration agreement must be submitted to the Minister for approval. The Minister shall transmit a copy thereof, duly signed, together with a certified copy of each of the resolutions made for its adoption and execution, to the Inspector General of Financial Institutions.
The Inspector General of Financial Institutions, in accordance with the provisions of the integration agreement, shall cancel the constituting instrument of the integrated institution or, as the case may be, issue supplementary letters patent to amend it. Where the integrated institution is a legal person within the meaning of paragraph 1 of section 98, the second paragraph of section 548 and section 549, apply, with the necessary modifications, to the supplementary letters patent issued to the institution.
1991, c. 42, s. 331; 1996, c. 36, s. 51.