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Canada Cooperatives Regulations

Version of section 60.2 from 2006-03-22 to 2010-06-09:

  •  (1) For the purpose of subsection 376.2(1) of the Act, the prescribed circumstances are that

    • (a) the error is obvious;

    • (b) the error is made by the Director;

    • (c) the cancellation of the articles and related certificate is ordered by a court; or

    • (d) the Director lacked the authority to issue the articles and related certificate.

  • (2) For the purpose of subsection 376.2(3) of the Act, the prescribed circumstances are that

    • (a) there is no dispute among the directors, members or shareholders on the circumstances of the request for cancellation; and

    • (b) the cooperative has not used the articles and related certificate, or, if it has, if anyone dealing with the cooperative on the basis of the articles and related certificate has consented to the cancellation.

  • SOR/2001-513, s. 19

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