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C-4.1 - Savings and Credit Unions Act

Section 329
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329. For the application of Title II to a federation, the word “federation” means “confederation”. In addition, the provisions of any section relating to a confederation must be ignored.
For the application of the second paragraph of section 263 to a federation, the said paragraph shall read as follows: “Before giving such security, the federation must give notice to the confederation with which it is affiliated or, if it is not affiliated, to the Inspector General.”.
For the application of seciton 314 to a federation, a permanent share means a cooperative share.
1988, c. 64, s. 329.
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