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C-4.1 - Savings and Credit Unions Act
Section 389
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389. Every federation shall maintain a capital base equal to at least 5 % of its total liabilities. The Inspector General may, where he deems it necessary, reduce or increase the percentage which applies to the federation within such reasonable time as he may prescribe.
Before exercising the power set out in the first paragraph, the Inspector General shall notify the federation of his intention and give it an opportunity to present observations.
For the purpose of maintaining its capital base, a federation may impose on the credit unions affiliated with it standards respecting the adequacy of their capital base.
389. Every federation shall maintain a capital base equal to at least 5 % of its total liabilities. The Inspector General may, where he deems it necessary, reduce or increase the percentage which applies to the federation within such reasonable time as he may prescribe.
Before exercising the power set out in the first paragraph, the Inspector General shall notify the federation of his intention and give it an opportunity to be heard.
For the purpose of maintaining its capital base, a federation may, by by-law, impose on the credit unions affiliated with it standards respecting the adequacy of their capital base.
