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C-67.3 - Act respecting financial services cooperatives
Section 547.45
Disposition versions
547.45. In addition to being dissolvable following a decision by the Minister in accordance with Division II of Chapter VII like any other financial services cooperative, a financial services cooperative belonging to the Group may, except if it is the Federation, be dissolved by order of the Fund under subparagraph 2 of the first paragraph of section 547.34 or, in all cases, by the Authority if, under section 40.14 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), it is vested with the powers set out in paragraphs 1 to 9 of section 19.2 of the Act respecting the regulation of the financial sector (chapter E-6.1).
A financial services cooperative belonging to the Group may not be dissolved in any other manner.
547.45. In addition to being dissolvable following a decision by the Minister in accordance with Division II of Chapter VII like any other financial services cooperative, a financial services cooperative belonging to the Group may, except if it is the Federation, be dissolved by order of the Fund under subparagraph 2 of the first paragraph of section 547.34 or, in all cases, by the Authority if, under section 40.14 of the Deposit Institutions and Deposit Protection Act (chapter A-26), it is vested with the powers set out in paragraphs 1 to 9 of section 19.2 of the Act respecting the regulation of the financial sector (chapter E-6.1).
A financial services cooperative belonging to the Group may not be dissolved in any other manner.
See special transitional provisions, S.Q. 2018, c. 23, s. 338.
Not in force
547.45. In addition to being dissolvable following a decision by the Minister in accordance with Division II of Chapter VII like any other financial services cooperative, a financial services cooperative belonging to the Group may, except if it is the Federation, be dissolved by order of the Fund under subparagraph 2 of the first paragraph of section 547.34 or, in all cases, by the Authority if, under section 40.14 of the Deposit Institutions and Deposit Protection Act (chapter A-26), it is vested with the powers set out in paragraphs 1 to 9 of section 19.2 of the Act respecting the regulation of the financial sector (chapter E-6.1).
A financial services cooperative belonging to the Group may not be dissolved in any other manner.
See special transitional provisions, S.Q. 2018, c. 23, s. 338.
