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C-4.1 - Savings and Credit Unions Act

Section 65
Disposition versions

Full text
65. Sections 55 to 62, adapted as required, apply to an amalgamation by absorption.
Notwithstanding the foregoing, an absorbing credit union may approve the amalgamation agreement by a mere resolution of its board of directors.
A certified copy of the resolution must be transmitted, within 10 days of its adoption, to the Inspector General and to the federation with which the credit union is affiliated, where that is the case.
1988, c. 64, s. 65.
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