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C-4.1 - Savings and Credit Unions Act
Section 414
Disposition versions
414. Every federation shall, by by-law, establish a liquidity fund, a deposit fund and an investment fund.
Where the federation is affiliated with a confederation, it must comply with the standards adopted in that respect by the confederation.
Where the federation is not affiliated with a confederation, it shall submit its by-law for approval to the Government which may approve it with or without amendment.
414. Every federation shall, by by-law, establish a liquidity fund, a deposit fund and an investment fund.
Where the federation is affiliated with a confederation, it must comply with the by-laws adopted in that respect by the confederation.
Where the federation is not affiliated with a confederation, it shall submit its by-law for approval to the Government which may approve it with or without amendment.
