C-4.1 - Savings and Credit Unions Act

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13. The Minister may, if he considers it advisable and after obtaining the advice of the Inspector General, authorize, on the conditions he determines, the incorporation of a credit union even if no federation has undertaken to admit it as a member and exempt the credit union from compliance with section 11 if the founders have furnished guarantees considered sufficient by the Inspector General to ensure the protection of the members of the credit union to be incorporated.
1988, c. 64, s. 13.