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C-4.1 - Savings and Credit Unions Act

Section 401
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401. Where a federation neglects to implement a compliance program, the confederation with which the federation is affiliated may, on the fifteenth day following the service of a formal notice to that effect, implement the program in the place of the federation.
The Inspector General may, in the same manner, implement the compliance program that a federation not affiliated with a confederation has neglected to implement.
1988, c. 64, s. 401.
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