319.1. The second paragraph of section 319 shall apply(1) to an institution resulting from the amalgamation of all the institutions referred to in section 125;
(2) to an institution referred to in section 129 or 129.1 if, in the territory in which the head office of the institution is situated, no board of directors has been established to administer other institutions of the same type that have their head offices in that territory;
(3) to an institution referred to in section 129 or 129.1 if the agency, after taking into account the criteria set out in section 128, has recommended to the Minister that the institution be excluded from the group of similar institutions in the territory and that a board of directors be established to administer only that institution;
(4) to an institution referred to in section 131, 132 or 133.
However, the provisions of subparagraphs 2 and 4 of the first paragraph do not apply where the new institution results from the amalgamation or conversion of institutions that, pursuant to section 126.1 or 126.2, were already administered by a board of directors established to administer at least one other institution that remains in existence.
1996, c. 36, s. 30; 2001, c. 24, s. 47.