366. Every federation may adopt standards applicable to the credit unions affiliated with it concerning
(1) the reports a credit union is required to submit for the purpose of determining the amount of the exigible assessments, and the form and tenor thereof;
(2) any other financial matter or matter relating to sound and prudent management.
A federation must adopt standards applicable to the credit unions affiliated with it concerning any subject referred to in subparagraph 2 of the first paragraph where the interest of the federation and the credit unions affiliated with it so requires.
1988, c. 64, s. 366; 1996, c. 69, s. 113.