Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-67.3 - Act respecting financial services cooperatives

Section 382
Disposition versions

Full text
382. The federation may withdraw or restrict the power of any member credit union to allocate its surplus earning or its shareable reserves.
2000, c. 29, s. 382; 2018, c. 23, s. 230.
382. The federation has all the powers necessary to make up any operating deficit of a credit union in case of a deficiency in the general reserve of the credit union, where the security fund of which it is a member does not do so.
The federation shall make up the deficit out of its own funds or by means of a special assessment collected from the credit unions.
2000, c. 29, s. 382.
© Gouvernement du Québec