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C-4.1 - Savings and Credit Unions Act

Section 200
Disposition versions

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200. The officers of a credit union who authorize the redemption or repurchase of shares in contravention of this Act are solidarily liable for the payment to the credit union of any sum disbursed by it for the redemption or repurchase.
1988, c. 64, s. 200; 1996, c. 69, s. 64.
200. The officers of a credit union who authorize the redemption or repurchase of shares in contravention of this Act are jointly and severally liable for the payment to the credit union of any sum disbursed by it for the redemption or repurchase.
1988, c. 64, s. 200.
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