S-30 - Loan and Investment Societies Act

Section 6 Disposition versions

1999-10-22

6. Every such legal person, institution or society obtaining a license under this Act shall, before commencing business, file in the office of the Inspector General, a certified copy of the statute, charter, or constituting act, and also a power of attorney to its principal agent or manager in Québec, signed by its president or managing director and secretary, and verified as to its authenticity by the oath of its principal agent or manager, or of any person knowing the facts.

Such power of attorney must expressly authorize such agent or manager, with respect to business done as such, to accept any written proceeding in all suits and proceedings in Québec against such legal person, institution or society, for any liabilities incurred therein, and must further declare that service of any written proceeding on such agent or manager, for such liabilities, shall be legal and binding on such legal person, institution or society to all intents and purposes whatever, and waive all claims of error by reason of such service.

R. S. 1964, c. 289, s. 6; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 254; 1996, c. 5, s. 78; 1999, c. 40, s. 306.

1997-01-01

6. Every such corporation, institution or society obtaining a license under this Act shall, before commencing business, file in the office of the Inspector General, a certified copy of the statute, charter, or instrument of incorporation, and also a power of attorney to its principal agent or manager in Québec, signed by its president or managing director and secretary, and verified as to its authenticity by the solemn declaration of its principal agent or manager, or of any person knowing the facts.

Such power of attorney must expressly authorize such agent or manager, with respect to business done as such, to accept any written proceeding in all suits and proceedings in Québec against such corporation, institution or society, for any liabilities incurred therein, and must further declare that service of any written proceeding on such agent or manager, for such liabilities, shall be legal and binding on such company, institution or society to all intents and purposes whatever, and waive all claims of error by reason of such service.

R. S. 1964, c. 289, s. 6; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 254; 1996, c. 5, s. 78.

1983-04-01

6. Every such corporation, institution or society obtaining a license under this act shall, before commencing business, file in the office of the Inspector General, a certified copy of the statute, charter, or instrument of incorporation, and also a power of attorney to its principal agent or manager in Québec, signed by its president or managing director and secretary, and verified as to its authenticity by the solemn declaration of its principal agent or manager, or of any person knowing the facts.

Such power of attorney must expressly authorize such agent or manager, with respect to business done as such, to accept process in all suits and proceedings in Québec against such corporation, institution or society, for any liabilities incurred therein, and must further declare that service of process on such agent or manager, for such liabilities, shall be legal and binding on such company, institution or society to all intents and purposes whatever, and waive all claims of error by reason of such service.

R. S. 1964, c. 289, s. 6; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 254.

1981-06-18

6. Every such corporation, institution or society obtaining a license under this act shall, before commencing business, file in the office of the Minister of Financial Institutions and Cooperatives a certified copy of the statute, charter, or instrument of incorporation, and also a power of attorney to its principal agent or manager in Québec, signed by its president or managing director and secretary, and verified as to its authenticity by the solemn declaration of its principal agent or manager, or of any person knowing the facts.

Such power of attorney must expressly authorize such agent or manager, with respect to business done as such, to accept process in all suits and proceedings in Québec against such corporation, institution or society, for any liabilities incurred therein, and must further declare that service of process on such agent or manager, for such liabilities, shall be legal and binding on such company, institution or society to all intents and purposes whatever, and waive all claims of error by reason of such service.

R. S. 1964, c. 289, s. 6; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24.

1977-12-31

6. Every such corporation, institution or society obtaining a license under this act shall, before commencing business, file in the office of the Minister of Consumer Affairs, Cooperatives and Financial Institutions a certified copy of the statute, charter, or instrument of incorporation, and also a power of attorney to its principal agent or manager in Québec, signed by its president or managing director and secretary, and verified as to its authenticity by the solemn declaration of its principal agent or manager, or of any person knowing the facts.

Such power of attorney must expressly authorize such agent or manager, with respect to business done as such, to accept process in all suits and proceedings in Québec against such corporation, institution or society, for any liabilities incurred therein, and must further declare that service of process on such agent or manager, for such liabilities, shall be legal and binding on such company, institution or society to all intents and purposes whatever, and waive all claims of error by reason of such service.

R. S. 1964, c. 289, s. 6; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11.