S-38 - Cooperative Syndicates Act

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54. The Minister of Financial Institutions and Cooperatives may by order terminate the corporate existence of a cooperative syndicate or federation of cooperative syndicates, upon being satisfied
(a)  of the reduction of the number of its members to fewer than twelve in the case of a cooperative syndicate, or to fewer than two in the case of a federation; or
(b)  of failure during three consecutive years to hold an annual general meeting of its members; or
(c)  of failure for more than three years to file in the Ministère des Institutions financières et Coopératives the report provided for in section 35;
(d)  of failure to continue as a cooperative governed by the Cooperatives Act (chapter C-67.2), as a company governed by Part IA of the Companies Act (chapter C-38) or as a savings and credit union governed by the Savings and Credit Unions Act (chapter C-4) within three years from 21 December 1983.
R. S. 1964, c. 294, s. 54; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1977, c. 5, s. 14; 1981, c. 9, s. 24; 1982, c. 26, s. 322.
54. The Minister of Financial Institutions and Cooperatives may by order terminate the corporate existence of a cooperative syndicate or federation of cooperative syndicates, upon being satisfied
(a)  of the reduction of the number of its members to fewer than twelve in the case of a cooperative syndicate, or to fewer than two in the case of a federation; or
(b)  of failure during three consecutive years to hold an annual general meeting of its members; or
(c)  of failure for more than three years to file in the Ministère des Institutions financières et Coopératives the report provided for in section 35.
R. S. 1964, c. 294, s. 54; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1977, c. 5, s. 14; 1981, c. 9, s. 24.
54. The Minister of Consumer Affairs, Cooperatives and Financial Institutions may by order terminate the corporate existence of a cooperative syndicate or federation of cooperative syndicates, upon being satisfied
(a)  of the reduction of the number of its members to fewer than twelve in the case of a cooperative syndicate, or to fewer than two in the case of a federation; or
(b)  of failure during three consecutive years to hold an annual general meeting of its members; or
(c)  of failure for more than three years to file in the Ministère des consommateurs, coopératives et institutions financières the report provided for in section 35.
R. S. 1964, c. 294, s. 54; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1977, c. 5, s. 14.