C-67.2 - Cooperatives Act

Section 221.2.10 Disposition versions

2015-04-29

221.2.10. In the case of a winding-up, the balance of the assets is devolved to a housing cooperative, a federation of housing cooperatives, a confederation of such federations or the Conseil québécois de la coopération et de la mutualité by the meeting of the members by means of a resolution adopted by a majority of the votes cast.

If the members do not make a decision with regard to the balance of the cooperative’s assets, that balance devolves to the Conseil québécois de la coopération et de la mutualité.

2015, c. 3, s. 33.