C-4.1 - Savings and Credit Unions Act

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457. A confederation may, 60 days after sending a formal notice to a federation affiliated with it requiring it to adopt a by-law or, as the case may be, standards under section 365 or the second paragraph of sections 366, 368 and 379, or to amend the by-law or the standards, exercise that power itself.
Any by-law or standard adopted under the first paragraph is deemed to be a by-law or standard of the federation, and the federation may, with the authorization of the confederation, amend, replace or repeal it.
1988, c. 64, s. 457; 1996, c. 69, s. 149.
457. A confederation may, 60 days after sending a formal notice to a federation affiliated with it requiring it to adopt a by-law under section 365, exercise the regulatory power under that section.
Such a by-law is deemed to be a by-law of the federation, and the federation may amend, replace or repeal it.
1988, c. 64, s. 457.