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Winding-up and Restructuring Act

Version of section 165 from 2010-01-01 to 2023-03-06:


Marginal note:Transfer to foreign liquidator

 If a foreign company is in liquidation in the country in which its head office is situated, the Superintendent may, if the Superintendent considers it advisable and in the interests of policyholders in respect of the foreign company’s insurance business in Canada, authorize the liquidator, subject to the approval of the court, to transfer the assets of the foreign company to the liquidator in that country.

  • R.S., 1985, c. W-11, s. 165
  • 1991, c. 47, s. 751
  • 1996, c. 6, s. 161
  • 2007, c. 6, s. 447
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