C-67.3 - Act respecting financial services cooperatives

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85. In no case may the general reserve of a financial services cooperative be drawn upon for the payment of dividends, or be shared between the members.
In the circumstances referred to in the first paragraph of section 62.1, the general reserve of a federation or a member credit union of the federation may be drawn upon to pay interest on the capital shares it has issued.
2000, c. 29, s. 85; 2018, c. 23, s. 75.
85. In no case may the general reserve of a financial services cooperative be drawn upon for the payment of dividends, or be shared between the members.
2000, c. 29, s. 85.