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C-4.1 - Savings and Credit Unions Act
Section 262
Disposition versions
262. No affiliated credit union may make any investment under paragraph 5 of section 256 or section 257 except in compliance with the standards of the federation concerning the adequacy of its capital base. Nor may any affiliated credit union make deposits into the investment fund of the federation with which it is affiliated if the capital base of that federation is not consistent with the requirements set out in section 389.
No unaffiliated credit union may make any investment under paragraph 5 of section 256 or section 257 unless its capital base meets the level required under this Act.
262. No affiliated credit union may make any investment under paragraph 5 of section 256 or section 257 or make deposits into the investment fund of the federation with which it is affiliated, unless it complies with the by-laws of the federation as to the adequacy of its capital base.
No unaffiliated credit union may make any investment under paragraph 5 of section 256 or section 257 unless its capital base meets the level required under this Act.
