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C-4.1 - Savings and Credit Unions Act

Section 201
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201. Officers of a credit union who permit an investment or an extension of credit in contravention of this Act, of the regulations or by-laws or of the standards applicable to it under this Act are solidarily liable for any resulting losses to the credit union.
1988, c. 64, s. 201; 1996, c. 69, s. 65.
201. The officers of a credit union who authorize any investment or credit in contravention of this Act or the regulations and by-laws that are applicable to it under this Act are jointly and severally liable for any resulting losses to the credit union.
1988, c. 64, s. 201.
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