I-13.2.2 - Deposit Institutions and Deposit Protection Act

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40.29. As of the date of effect shown on the certificate,
(1)  all the legal persons involved in the amalgamation/continuance are continued as one Québec savings company and their patrimonies are joined together to form the patrimony of that savings company; and
(2)  the rights and obligations of the legal persons involved in the amalgamation/continuance become rights and obligations of the Québec savings company resulting from the amalgamation/continuance and the latter becomes a party to any judicial or administrative proceeding to which those legal persons were parties.
2018, c. 232018, c. 23, s. 376.