Government of Canada / Gouvernement du Canada
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Canada Cooperatives Act

Version of section 307 from 2003-01-01 to 2018-04-30:

Marginal note:Application of Part

  •  (1) This Part, other than sections 308 and 311, does not apply to a cooperative that is an insolvent person or a bankrupt as those terms are defined in subsection 2(1) of the Bankruptcy and Insolvency Act.

  • Marginal note:Staying of proceedings

    (2) Any proceedings taken under this Part to dissolve or to liquidate and dissolve a cooperative are stayed if the cooperative is at any time found, in a proceeding under the Bankruptcy and Insolvency Act, to be an insolvent person as defined in that Act.

  • 1998, c. 1, s. 307
  • 2001, c. 14, s. 209

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