449. In addition to the other powers it may exercise under this Act, a confederation may
(1) provide for one or several classes of preferred shares;
(2) establish a pension plan under paragraph 6 of section 214 for the benefit of the employees of a federation affiliated with it or a credit union which is affiliated with such a federation, and their spouses or dependants;
(3) participate in the establishment and management of any service that may be offered or provided by a federation affiliated with it or a credit union affiliated with such a federation;
(4) may develop and provide any service for the benefit of the members of a credit union affiliated with a federation that is affiliated with it.
A federation and a credit union are presumed to be parties to an agreement in order to benefit from the advantages resulting from a service referred to in the first paragraph if notice of a resolution of the confederation to that effect, passed by a 2/3 majority of the votes cast by the members of its board of directors, has been sent to the federation and the credit union. However, a federation or a credit union may withdraw from the agreement by forwarding to the confederation a copy of the resolution to that effect passed by its board of directors.
1988, c. 64, s. 449; 1996, c. 69, s. 142.