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S-29.01 - Act respecting trust companies and savings companies

Section 348
Disposition versions

Full text
348. (Repealed).
1987, c. 95, s. 348; 2008, c. 7, s. 130.
348. The decision of the Government ordering the winding-up of the company has the same effect as an order made by a judge of the Superior Court under section 24 of the Winding-up Act (chapter L-4). Sections 161 to 168 of this Act apply, adapted as required.
Notwithstanding the foregoing, the Government may terminate the winding-up if the interests of the depositors, beneficiaries or shareholders justify it.
1987, c. 95, s. 348.
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