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C-4.1 - Savings and Credit Unions Act

Section 413
Disposition versions

Full text
413. Where, following an amalgamation, securities held by a federation are replaced by securities which cause the federation to cease to meet the requirements of this division, the federation must take such action as is necessary to ensure its compliance with the said requirements within five years from the amalgamation.
The same rule applies if, as a result of a change concerning its affiliation with a confederation, securities held by a legal person are deemed to be held by a federation.
1988, c. 64, s. 413.
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