Winding-up and Restructuring Act

Marginal note:Transfer to foreign liquidator

165 Where a foreign company is in liquidation in the country in which its head office is situated, the Superintendent may, if the Superintendent deems it advisable and in the interests of the policyholders in Canada, authorize the liquidator, subject to the approval of the court, to transfer the assets of the foreign company to the liquidator in that country.