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C-4.1 - Savings and Credit Unions Act

Section 87
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87. Except in case of death, a credit union may repurchase or redeem the preferred shares it has issued only so far as such purchase or redemption does not cause its capital base or, as the case may be, that of the federation with which it is affiliated, to fall to a level that is lower than the level required under this Act.
1988, c. 64, s. 87.
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