C-4.1 - Savings and Credit Unions Act

Full text
455. The assets of a fund established under section 452 shall be separate from those of the confederation and shall alone serve for the performance of the obligations contracted for the purposes of the fund by the trust company entrusted with the administration of such fund.
Notwithstanding the first paragraph, in the event of the winding-up of the confederation, any balance remaining in the fund, after all its debts have been paid, shall be used for the payment of other debts of the confederation.
1988, c. 64, s. 455.