C-4 - Savings and Credit Unions Act

Full text
28. The capital stock of a union shall consist of the shares subscribed for by the members.
The amount of a share shall be $5.
The by-laws may require every person admitted as a member to pay an initiation fee.
The amount of such fee shall be paid into the general reserve.
R. S. 1964, c. 293, s. 28; 1970, c. 59, s. 16.