R-8.1.1 - Cooperative Investment Plan Act

Section 56.2 Disposition versions

2010-10-27

56.2. Despite section 56, if, after 23 June 2009, a cooperative redeems a security issued under the rules set out in the cooperative investment plan adopted under the Act respecting the Ministère du Développement économique, de l’Innovation et de l’Exportation (chapter M-30.01) and the redemption is made after the expiry of a period of at least five years beginning on the date of issue of the security, the obligation to increase the reserve provided for in section 8 of that plan is not required in respect of the redemption.

2010, c. 25, s. 245.