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C-4.1 - Savings and Credit Unions Act

Section 485
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485. Before requiring an appraisal of any immovable property or asset to be made or before making it himself, the Inspector General shall notify the credit union, federation or confederation concerned by such an appraisal of his intention and give it an opportunity to present observations. The Inspector General must do the same before assigning to any asset a value different from that determined by the appraiser.
The Inspector General shall notify, in writing, the credit union, federation or confederation and its auditor of the reduction made to the book value of one of its assets.
1988, c. 64, s. 485; 1996, c. 69, s. 180.
485. Before requiring an appraisal of any immovable property or asset to be made or before making it himself, the Inspector General shall notify the credit union, federation or confederation concerned by such an appraisal of his intention and give it an opportunity to be heard. The Inspector General must do the same before assigning to any asset a value different from that determined by the appraiser.
The Inspector General shall notify, in writing, the credit union, federation or confederation and its auditor of the reduction made to the book value of one of its assets.
1988, c. 64, s. 485.
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