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C-3 - Act respecting the caisses d’entraide économique

Section 27
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Full text
27. The duties of the committee on credit are, in particular,
(a)  to authorize loans to affiliated unions and the signing of releases, discharges or waivers of priority; and
(b)  to approve any loan granted by its affiliated unions and contemplated in sections 64.1 and 64.2 of the Savings and Credit Unions Act and in sections 20 and 23.
The approval of the federation does not engage its liability.
1974, c. 68, s. 27; 1978, c. 85, s. 34.
27. The duties of the committee on credit shall be:
(a)  to authorize loans to affiliated unions and the signing of releases, discharges or waivers of priority; and
(b)  to approve any loan contemplated in sections 20, 22 and 23.
The approval of the federation does not engage its liability.
1974, c. 68, s. 27.
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