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C-4.1 - Savings and Credit Unions Act

Section 313
Disposition versions

Full text
313. From the date of deposit of the declaration in the register, all proceedings against the property of the credit union, whether by seizure before judgment, seizure in execution or otherwise, shall be suspended.
The costs incurred by a creditor directly or through his attorney after the publication of the notice shall not be collocated out of the proceeds of the property of the credit union.
A judge of the Superior Court of the district in which the head office of the credit union is situated may, however, on the conditions he considers suitable, authorize the institution or continuance of any proceedings.
1988, c. 64, s. 313; 1993, c. 48, s. 182.
313. From the time the notice is published in the Gazette officielle du Québec, all proceedings against the property of the credit union, whether by seizure before judgment, seizure in execution or otherwise, shall be suspended.
The costs incurred by a creditor directly or through his attorney after the publication of the notice shall not be collocated out of the proceeds of the property of the credit union.
A judge of the Superior Court of the district in which the head office of the credit union is situated may, however, on the conditions he considers suitable, authorize the institution or continuance of any proceedings.
1988, c. 64, s. 313.
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