Hometime

Hometime · Alberta legislation

CPA Condominium Property Act

CPA · Cooperatives Act

Part 14 — Winding-up, Liquidation and Dissolution of Cooperatives Division 1 Receivers and Receiver-Managers

330 Vesting in the Crown

Current to 2023-12-07 · Official PDF

(1) Subject to section 327(2) and section 328, property of a
cooperative that has not been disposed of at the date of its
dissolution under this Act vests in the Crown in right of Alberta.
(2) If a cooperative is revived as a cooperative,
(a) any property of the cooper ative that has not been paid,
transferred or delivered to the Minister responsible for the
Unclaimed Personal Property and Vested Property Act
remains the property of the cooperative, and
(b) the cooperative may make a claim for any of the
cooperative's property that has been paid, transferred or
delivered to the Minister responsible for the Unclaimed
Personal Property and Vested Property Act in accordance
with that Act.
2001 cC-28.1 s330;2007 cU-1.5 s70