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C-3 - Act respecting the caisses d’entraide économique

Section 2
Disposition versions

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2. The founding memorandum of a union must be made in accordance with form 1. It must indicate, in addition to that which is mentioned in section 6 of the Savings and Credit Unions Act,
(a)  the mode of payment of the shares subscribed;
(b)  the amount of the cost of acquisition of the shares, where provided for, and its mode of payment;
(c)  the mention that the liability of the signatories is limited to the amount they have paid on their shares and not to the amount of their subscription, in accordance with section 6;
(d)  the mention that the signatories may cancel their subscriptions in accordance with section 10.
1974, c. 68, s. 2.
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