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

Section 7
Disposition versions

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7. A union shall not require from a new member or from any member, in addition to the cost of acquisition of shares, an initiation fee or any other administrative cost.
However, it may require from any member who applies for a loan guaranteed by hypothec on landed property or equipment, administrative costs or fees the amount of which shall be determined by the by-laws of the union.
1974, c. 68, s. 7; 1992, c. 57, s. 453; 1999, c. 40, s. 43.
7. A union shall not require from a new member or from any member, in addition to the cost of acquisition of shares, an initiation fee or any other administrative cost.
However, it may require from any member who applies for a loan guaranteed by hypothec on real estate or equipment, administrative costs or fees the amount of which shall be determined by the by-laws of the union.
1974, c. 68, s. 7; 1992, c. 57, s. 453.
7. A union shall not require from a new member or from any member, in addition to the cost of acquisition of shares, an initiation fee or any other administrative cost.
However, it may require from any member who applies for a loan guaranteed by hypothec, mortgage or pledge on real estate or equipment, administrative costs or fees the amount of which shall be determined by the by-laws of the union.
1974, c. 68, s. 7.
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