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C-4.1 - Savings and Credit Unions Act
Section 17
Disposition versions
17. Every credit union affiliated with a federation that is wound up or dissolved must, within 60 days of the deposit of the notice of dissolution or winding-up in the register referred to in Chapter II of the Act respecting the legal publicity of enterprises (chapter P-44.1), pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a credit union affiliated with another federation, be wound up or apply to the Minister for an exemption from compliance with section 11.
17. Every credit union affiliated with a federation that is wound up or dissolved must, within 60 days of the deposit of the notice of dissolution or winding-up in the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45), pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a credit union affiliated with another federation, be wound up or apply to the Minister for an exemption from compliance with section 11.
17. Every credit union affiliated with a federation that is wound up or dissolved must, within 60 days of the publication of the notice of winding-up or dissolution in the Gazette officielle du Québec, pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a credit union affiliated with another federation, be wound up or apply to the Minister for an exemption from compliance with section 11.
