C-4 - Savings and Credit Unions Act

Section 85 Disposition versions

1979-12-21

85. No union, without the previous approval of the federation with which it is affiliated, may

(a)  make any investment contemplated in paragraphs a to g of section 83;

(b)  acquire any real estate, except by a giving in payment, or erect or make any major alteration in a building thereon;

(c)  dispose of real estate it holds for purposes other than investment;

(d)  become the lessee of a building or make major lessee’s improvements to a building it occupies or intends to occupy as lessee.

In the case of a union affiliated with a federation affiliated with the Confédération des caisses populaires et d’économie Desjardins du Québec, the approval of the latter is not required.

The approval of a federation does not engage its liability.

R. S. 1964, c. 293, s. 84; 1970, c. 59, s. 27; 1978, c. 85, s. 18; 1979, c. 90, s. 3.

1978-06-23

85. No union, without the previous approval of the federation with which it is affiliated, may

(a)  make any investment contemplated in paragraphs a to g of section 83;

(b)  acquire any real estate, except by a giving in payment, or erect or make any major alteration in a building thereon;

(c)  dispose of real estate it holds for purposes other than investment;

(d)  become the lessee of a building or make major lessee’s improvements to a building it occupies or intends to occupy as lessee.

In the case of a union affiliated with a federation affiliated with the Fédération de Québec des Unions régionales des Caisses Populaires Desjardins, the approval of the latter is not required.

The approval of a federation does not engage its liability.

R. S. 1964, c. 293, s. 84; 1970, c. 59, s. 27; 1978, c. 85, s. 18.

1977-12-31

85. Without the prior approval of the federation with which it is affiliated, no union shall:

(a)  make any investment contemplated in paragraphs a to g of section 83;

(b)  acquire any real estate, except by giving in payment, or erect or make any major alteration in a building thereon.

A union affiliated with a federation that is itself affiliated with the Fédération de Québec des unions régionales des caisses populaires Desjardins must obtain the approval of the latter.

The approval of a federation shall not engage its liability.

R. S. 1964, c. 293, s. 84; 1970, c. 59, s. 27.