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Part 2 · Special provisions  ›  Division 5 · Merger involving registered cooperative societies › Section 94

Disbursement of the credit balance resulting from the distribution of assets

Claims to disbursement of the amount of a capital contribution pursuant to section 93 (2) are to be satisfied within six months of the rejection; however, no such disbursement may be effected before the creditors who have filed their claims pursuant to section 22 have been satisfied or have had security provided to them, nor may it be effected before six months have lapsed since the day on which the entry of the merger in the register maintained at the seat of the acquiring legal entity has been published in accordance with section 19 (3).

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