Participation on Liquidation, Dissolution or Winding-up. In the event of the liquidation, dissolution or winding-up of the Credit Union or other distribution of assets or property of the Credit Union among its members and shareholders for the purpose of winding-up its affairs, the holders of the Class B Shares shall be entitled to receive, from the assets and property of the Credit Union, a sum equivalent to the aggregate Redemption Amount of all Class B Shares held by them respectively, before any amount shall be paid or any property or assets of the Credit Union distributed to the holders of the Membership Shares, the Class A Shares, or any class of shares ranking junior to the Class B Shares. After payment to the holders of the Class B Shares of the amount so payable to them as above provided, they shall not be entitled to share in any further distribution of the assets or property of the Credit Union.
Participation on Liquidation, Dissolution or Winding-up. Subject to the prior rights of the holders of the Preferred Shares, the Class "B" Shares and the Class "C" Shares, in the event of a liquidation, dissolution, or winding-up of the Corporation, either voluntarily or involuntarily, or other distribution of assets or property of the Corporation amongst its shareholders for the purpose of winding up its affairs, the holders of Common Shares and the Class "A" Shares shall be entitled to participate equally with the Class "B" Shares, share for share, in the distribution of the remaining assets of the Corporation.
