C-4.1 - Savings and Credit Unions Act

Section 518 Disposition versions

1997-02-15

518. The Government may, 60 days after transmitting a formal notice to a federation not affiliated with a confederation requiring it to adopt a by-law or, as the case may be, standards under section 365, the second paragraph of sections 366 and 369 or section 368, or to amend the by-law or the standards, exercise that power itself, by regulation.

Any government regulation hereunder is deemed to be a by-law or, as the case may be, a standard of the federation, and the federation may, with the authorization of the Government, amend, replace or repeal it.

1988, c. 64, s. 518; 1996, c. 69, s. 171.

1989-03-15

518. The Government may, 60 days after transmitting a formal notice to a federation not affiliated with a confederation requiring it to adopt a by-law under section 365, exercise the regulatory power under that section.

Such a regulation is deemed to be a by-law of the federation and the federation may, with the approval of the Government, amend, replace or repeal it.

1988, c. 64, s. 518.