C-4.1 - Savings and Credit Unions Act

Section 519 Disposition versions

1997-02-15

519. The Government may, 60 days after transmitting a formal notice to a confederation requiring it to adopt by-laws or, as the case may be, standards under section 451, 452, 456.1 or 457, or to amend such by-laws or standards, exercise that power itself, by regulation.

Any government regulation hereunder is deemed to be a by-law or, as the case may be, a standard of the confederation, and the confederation may, with the authorization of the Government, amend, replace or repeal it.

1988, c. 64, s. 519; 1996, c. 69, s. 172.

1989-03-15

519. The Government may, 60 days after transmitting a formal notice to a confederation requiring it to adopt by-laws under section 451, 452 or 457 exercise the regulatory powers under that section.

Such a regulation is deemed to be a by-law of the confederation and the confederation may with the approval of the Government amend, replace or repeal it.

1988, c. 64, s. 519.