A-32.1 - Insurers Act

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288. For the purpose of applying the Business Corporations Act (chapter S-31.1) to a mutual company, the following modifications must be made:
(1)  the first paragraph of section 163 of that Act is to be read without reference to “not later than 18 months after the corporation is constituted and, subsequently,”;
(2)  if a mutual company is a member of a federation, section 165 of that Act applies subject to the mutual company’s by-laws.
2018, c. 23, s. 32018, c. 23, s. 3.
In force: 2019-06-13
288. For the purpose of applying the Business Corporations Act (chapter S-31.1) to a mutual company, the following modifications must be made:
(1)  the first paragraph of section 163 of that Act is to be read without reference to “not later than 18 months after the corporation is constituted and, subsequently,”;
(2)  if a mutual company is a member of a federation, section 165 of that Act applies subject to the mutual company’s by-laws.
2018, c. 23, s. 32018, c. 23, s. 3.