Government of Canada / Gouvernement du Canada
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Canada Cooperatives Act

Version of section 311 from 2003-01-01 to 2018-04-30:

Marginal note:Dissolution by Director

  •  (1) Subject to subsections (2) and (3), the Director may dissolve a cooperative by issuing a certificate of dissolution under this section if the cooperative

    • (a) has not commenced business within three years after the date shown in its certificate of incorporation;

    • (b) has not carried on its business for three consecutive years;

    • (c) is in default for a period of one year in sending the Director any fee, notice or document required by this Act; or

    • (d) does not have any directors or is in the situation described in subsection 85(6).

  • Marginal note:Publication

    (2) The Director may not dissolve a cooperative under this section until

    • (a) one hundred and twenty days have elapsed since notice of intent to dissolve has been given to the cooperative and to each of its directors; and

    • (b) notice of intent to dissolve the cooperative has been published in a publication generally available to the public.

  • Marginal note:Certificate of dissolution

    (3) Unless cause to the contrary has been shown or an order has been made by a court under section 315, the Director may, after the end of the one hundred and twenty days referred to in subsection (2), issue a certificate of dissolution.

  • Marginal note:Exception — non-payment of incorporation fee

    (3.1) Despite anything in this section, the Director may dissolve a cooperative by issuing a certificate of dissolution if the fee for the issuance of a certificate of incorporation is not paid.

  • Marginal note:Effect of certificate

    (4) The cooperative ceases to exist on the date shown in the certificate of dissolution.

  • 1998, c. 1, s. 311
  • 2001, c. 14, s. 211

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