A-32.1 - Insurers Act

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429. A contribution to a segregated investment fund confers the right, in proportion to the contribution and according to the conditions and at the intervals determined by the federation’s by-laws, to participate in the sharing of the fund’s net revenue and in its capital. That right is a claim against the federation.
Such funds are each a division of the federation’s patrimony to be used for the performance of that claim, to the exclusion of any other obligation of the federation.
2018, c. 23, s. 32018, c. 23, s. 3.
In force: 2019-06-13
429. A contribution to a segregated investment fund confers the right, in proportion to the contribution and according to the conditions and at the intervals determined by the federation’s by-laws, to participate in the sharing of the fund’s net revenue and in its capital. That right is a claim against the federation.
Such funds are each a division of the federation’s patrimony to be used for the performance of that claim, to the exclusion of any other obligation of the federation.
2018, c. 23, s. 32018, c. 23, s. 3.