C-4 - Savings and Credit Unions Act

Full text
154. Where, after such allocation, the general reserve of a union subject to section 152 or of a federation subject to section 153 is equal, in the case of a union, to 3 1/2% or more or, in the case of a federation, to 1% or more of the liabilities constituted by the deposits of members, as at the close of the last business year, this union or federation becomes subject to section 87.
1978, c. 85, s. 38.