C-67.3 - Act respecting financial services cooperatives

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231. A notice under section 230 must be given to the credit union and the Authority or, if the credit union is a member of a federation, to the federation.
A member of a board who in good faith gives such notice shall not thereby incur any civil liability.
2000, c. 29, s. 231; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 141.
231. A member of a board who resigns for reasons relating to the conduct of the affairs of the credit union shall declare the member’s reasons in writing to the credit union, sending a copy of the declaration to the federation or, if the credit union is not a member of a federation, to the Authority,
(1)  where the member has grounds to believe that such course of action is in contravention of a provision of this Act, a government regulation thereunder, a standard established under this Act, a provision of any other Act or an order or written instruction of the Authority;
(2)  where the member has grounds to believe that such course of action may have an adverse effect on the financial position of the credit union.
A member of a board who in good faith makes such a declaration shall not thereby incur any civil liability.
2000, c. 29, s. 231; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
231. A member of a board who resigns for reasons relating to the conduct of the affairs of the credit union shall declare the member’s reasons in writing to the credit union, sending a copy of the declaration to the federation or, if the credit union is not a member of a federation, to the Agency,
(1)  where the member has grounds to believe that such course of action is in contravention of a provision of this Act, a government regulation thereunder, a standard established under this Act, a provision of any other Act or an order or written instruction of the Agency;
(2)  where the member has grounds to believe that such course of action may have an adverse effect on the financial position of the credit union.
A member of a board who in good faith makes such a declaration shall not thereby incur any civil liability.
2000, c. 29, s. 231; 2002, c. 45, s. 338.
231. A member of a board who resigns for reasons relating to the conduct of the affairs of the credit union shall declare the member’s reasons in writing to the credit union, sending a copy of the declaration to the federation or, if the credit union is not a member of a federation, to the Inspector General,
(1)  where the member has grounds to believe that such course of action is in contravention of a provision of this Act, a government regulation thereunder, a standard established under this Act, a provision of any other Act or an order or written instruction of the Inspector General;
(2)  where the member has grounds to believe that such course of action may have an adverse effect on the financial position of the credit union.
A member of a board who in good faith makes such a declaration shall not thereby incur any civil liability.
2000, c. 29, s. 231.