Part 14 — Winding-up, Liquidation and Dissolution of Cooperatives Division 1 Receivers and Receiver-Managers
316 Application to Court
the reasons, verified by an affidavit of the applicant, why the
cooperative should be liquidated and dissolved.
(2) On an application under section 314, the Court may make an
order requiring the cooperative and any person who has an interest
in it or claim against it to show cause, at a specified time and place,
not less than 4 weeks after the date of the order, why the
cooperative should not be liquidated and dissolved.
(3) The Court may order the directors and officers of the
cooperative to provide the Court with all material information
known to or reasonably ascertainable by them, including
(a) financial statements of the cooperative,
(b) the name and contact information of each member and
investment shareholder, and
(c) the name and contact information of each known creditor or
claimant, including any creditor or claimant with
unliquidated, future or contingent claims, and any person
with whom the cooperative has a contract.
(4) A copy of an order made under subsection (2) must be
(a) published as directed in th e order, at least once in each week
before the time appointed for the hearing, in a publication
generally available to the public, and
(b) served on the Registrar and each person named in the order .
(5) Publication and service of an order under subsection (2) must
be effected by the cooperative or by any other person, and in any
manner, that the Court may order.
2001 cC-28.1 s316;2022 c16 s3(59)