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Insurance Companies Act

Version of section 255 from 2003-01-01 to 2007-04-19:

Marginal note:Capital to be unimpaired

 The Minister shall not approve a transaction under subsection 254(2) if the transaction would cause any company or society that would be a party to the transaction to be in contravention of any regulation referred to in subsection 515(1) or (2) or 516(1) or (2) or of any direction made under subsection 515(3) or 516(4).

  • 1991, c. 47, s. 255
  • 1997, c. 15, s. 227

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