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C-67.3 - Act respecting financial services cooperatives

Section 48
Disposition versions

Full text
48. Shares must be paid for in cash, except shares issued
(1)  as a dividend;
(2)  on the redemption, exchange or conversion of other shares;
(3)  in accordance with the terms of an amalgamation agreement;
(4)  on the conversion of debt obligations.
2000, c. 29, s. 48; 2018, c. 23, s. 52.
48. Shares must be paid for in cash, except shares issued
(1)  as a dividend;
(2)  on the redemption or conversion of other shares;
(3)  in accordance with the terms of an amalgamation agreement.
2000, c. 29, s. 48.
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