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Insurance Companies Act

Version of section 245 from 2012-12-19 to 2021-05-04:


Marginal note:Application to amalgamate

  •  (1) On the joint application of two or more bodies corporate, incorporated by or under an Act of Parliament, including companies and insurance holding companies but not including federal credit unions, the Minister may issue letters patent amalgamating and continuing the applicants as one mutual company.

  • Marginal note:Application to amalgamate

    (2) On the joint application of two or more bodies corporate incorporated by or under an Act of Parliament, including companies — other than mutual companies — and insurance holding companies but not including federal credit unions, the Minister may issue letters patent amalgamating and continuing the applicants as one company.

  • Marginal note:Application to amalgamate societies

    (3) On the joint application of two or more societies, the Minister may issue letters patent amalgamating and continuing the applicants as one society.

  • 1991, c. 47, s. 245
  • 1997, c. 15, s. 218
  • 2001, c. 9, s. 390
  • 2010, c. 12, s. 2119
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