164 (1) For the purpose of bringing the dissolution authorized under clause 163 (a) or (b) into effect, the co-operative shall deliver to the Minister articles of dissolution in a form approved by the Minister, and setting out, (a)  the name of the co-operative; (b)  that its dissolution has been duly authorized under clause 163 (a) or (b); (c)  that it has no debts, obligations or liabilities or its debts, obligations or liabilities have been duly provided for in accordance with subsection (3) or its creditors or other persons having interests in its debts, obligations or liabilities consent to its dissolution; (d)  that after satisfying the interests of creditors in all its debts, obligations and liabilities, if any, it has no property to distribute among its members or that it has distributed its remaining property in accordance with section 162 or in accordance with subsection (4) where applicable; and (e)  that there are no proceedings pending in any court against it. (f)  Repealed: 2019, c. 15, Sched. 8, s. 12 (1). R.S.O. 1990, c. C.35, s. 164 (1); 1997, c. 19, s. 3 (15); 1999, c. 12, Sched. I, s. 1 (13); 2017, c. 34, Sched. 9, s. 16; 2019, c. 15, Sched. 8, s. 12 (1). Articles of dissolution where co-operative never active (2) For the purpose of bringing a dissolution authorized under clause 163 (c) into effect, the co-operative shall deliver to the Minister articles of dissolution in a form approved by the Minister and setting out, (a)  the name of the co-operative; (b)  the date set forth in its certificate of incorporation; (c)  that the co-operative has not commenced business; (d)  that none of its shares has been issued; (e)  that no membership fees or loans have been received; (f)  that dissolution has been duly authorized under clause 163 (c); (g)  that it has no debts, obligations or liabilities; (h)  that after satisfying the interests of creditors in all its debts, obligations and liabilities, if any, it has no property to distribute or that it has distributed its remaining property to the persons entitled thereto; and (i)  that there are no proceedings pending in any court against it. (j)  Repealed: 2019, c. 15, Sched. 8, s. 12 (2). R.S.O. 1990, c. C.35, s. 164 (2); 1997, c. 19, s. 3 (16); 2019, c. 15, Sched. 8, s. 12 (2). Where creditor unknown (3) Where a co-operative authorizes its dissolution and a creditor is unknown or the creditor’s whereabouts is unknown, the co-operative may, by agreement with the Public Guardian and Trustee, pay to the Public Guardian and Trustee an amount equal to the amount of the debt due to the creditor to be held in trust for the creditor, and such payment shall be deemed to be due provision for the debt for the purposes of clause (1) (c).  R.S.O. 1990, c. C.35, s. 164 (3). Where member or shareholder unknown (4) Where a co-operative authorizes its dissolution and a member is unknown or the member’s whereabouts is unknown, it may, by agreement with the Public Guardian and Trustee, deliver or convey the member’s share of the property to the Public Guardian and Trustee to be held in trust for the member, and such delivery or conveyance shall be deemed to be a distribution to that member for the purposes of the dissolution.  R.S.O. 1990, c. C.35, s. 164 (4). Power to convert (5) If the property delivered or conveyed to the Public Guardian and Trustee under subsection (4) is in a form other than cash, the Public Guardian and Trustee may at any time, and within ten years after such delivery or conveyance shall, convert it into cash.  R.S.O. 1990, c. C.35, s. 164 (5). Payment to person entitled (6) If the amount paid under subsection (3) or the property delivered or conveyed under subsection (4) or its equivalent in cash, as the case may be, is claimed by the person beneficially entitled thereto within ten years after it was so delivered, conveyed or paid, it shall be delivered, conveyed or paid to that person, but, if not so claimed, it vests in the Public Guardian and Trustee for the use of Ontario, and, if the person beneficially entitled thereto at any time thereafter establishes that person’s right thereto to the satisfaction of the Lieutenant Governor in Council, an amount equal to the amount so vested in the Public Guardian and Trustee shall be paid to that person.  R.S.O. 1990, c. C.35, s. 164 (6). Section Amendments with date in force (d/m/y) 1997, c. 19, s. 3 (15, 16) - 10/10/1997; 1999, c. 12, Sched. I, s. 1 (13) - 22/12/1999 CTS 30 AU 10 - 1 2017, c. 34, Sched. 9, s. 16 - 29/10/2018 2019, c. 15, Sched. 8, s. 12 (1, 2) - 09/03/2020