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C-4.1 - Savings and Credit Unions Act

Section 170
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170. The board of audit and ethics of an unaffiliated credit union shall also assume the functions provided for in sections 360.1 and 360.3, adapted as required.
The rules adopted by the board of audit and ethics for the protection of the interests of the credit union and its members shall be submitted for approval to the board of directors of the credit union. The credit union shall transmit a copy of the rules to the Inspector General within 30 days of their approval.
1988, c. 64, s. 170; 1996, c. 69, s. 47.
170. The board of supervision of an unaffiliated credit union shall also assume the functions of the ethics committee set out in sections 355 and 357, adapted as required.
The rules adopted by the board of supervision for the protection of the interests of the credit union and its members shall be submitted for approval to the board of directors of the credit union. The credit union shall transmit a copy of the rules to the Inspector General within 30 days of their approval.
1988, c. 64, s. 170.
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