C-67.3 - Act respecting financial services cooperatives

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575. (Repealed).
2000, c. 29, s. 575; 2008, c. 7, s. 70.
575. Before exercising the powers set out in section 574, the Minister shall give the members of the board of a financial services cooperative whose powers are suspended an opportunity to present observations. The Minister shall also give the cooperative and, if the cooperative is a credit union, the federation an opportunity to present observations.
However, if warranted by the urgency of the situation, the Minister may order the suspension, for a period not exceeding 15 days, without giving the members referred to in the first paragraph or the financial services cooperative or, if the cooperative is a credit union, the federation an opportunity to present observations.
2000, c. 29, s. 575.