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C-4.1 - Savings and Credit Unions Act
Section 367
Disposition versions
367. A federation not affiliated with a confederation shall adopt standards applicable to the credit unions affiliated with it concerning
(1) the reserves to be maintained for bad debts and contingent losses;
(2) the requirements relating to accounting operations and to the books, registers and other accounting records which they are required to keep;
(3) the management, preservation and destruction of documents issued or received by a credit union.
367. A federation not affiliated with a confederation shall adopt by-laws applicable to the credit unions affiliated with it concerning
(1) the reserves to be maintained for bad debts and contingent losses;
(2) the requirements relating to accounting operations and to the books, registers and other accounting records which they are required to keep;
(3) the management, preservation and destruction of documents issued or received by a credit union.
