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C-4.1 - Savings and Credit Unions Act
Section 258
Disposition versions
258. A credit union may acquire one non-participating voting share of any holding company controlled by the confederation with which the federation of which it is a member is affiliated.
A credit union affiliated with a federation affiliated with a confederation may acquire one non-participating non-voting share of a legal person referred to in the first paragraph of section 469.1.
258. A credit union may acquire one non-participating voting share of any holding company controlled by the confederation with which the federation of which it is a member is affiliated.
A credit union affiliated with a federation affiliated with a confederation may acquire one non-participating non-voting share of a legal person referred to in the first paragraph of section 469.1.
No credit union may acquire shares issued by a legal person if shares issued by the legal person are already held, directly or indirectly, by a holding company controlled by the confederation with which the federation of which it is a member is affiliated.
258. A credit union may acquire one non-participating voting share of any holding company controlled by the confederation with which the federation of which it is a member is affiliated.
No credit union may acquire shares issued by a legal person if shares issued by the legal person are already held, directly or indirectly, by a holding company controlled by the confederation with which the federation of which it is a member is affiliated.
