C-4 - Savings and Credit Unions Act

Section 95 Disposition versions

1977-12-31

95. Unions proposing to amalgamate shall prepare in five copies a deed of agreement prescribing:

(a)  the conditions of the amalgamation and the mode of effecting it;

(b)  the name of the union resulting from the amalgamation;

(c)  the head office of the union resulting from the amalgamation;

(d)  the territory or group in which the union may recruit members;

(e)  the name of the federation with which the union will be affiliated;

(f)  the names, occupations and residences of its first directors, supervisors and credit commissioners;

(g)  the mode of election of subsequent directors, supervisors and credit commissioners;

(h)  the number of shares subscribed in each of the amalgamating unions and the manner of converting them into common shares of the union resulting from the amalgamation; and

(i)  any other measure required in order to effect the amalgamation and provide for the management and operation of the union resulting therefrom.

1970, c. 59, s. 37.