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C-4.1 - Savings and Credit Unions Act

Section 530
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530. Every credit union or federation which, contrary to sections 241, 250 and 252, engages in a transaction with a person whom it knows to be a restricted party, and every officer who authorized such a transaction, are guilty of an offence.
Every person found guilty of an offence described in the first paragraph is liable to a fine of not less than $600 nor more than $30 000.
1988, c. 64, s. 530; 1990, c. 4, s. 956; 1996, c. 69, s. 174.
530. Every credit union or federation which, contrary to sections 241 and 250 to 253, engages in a transaction with a person whom it knows to be a restricted party, and every officer who authorized such a transaction, are guilty of an offence.
Every person found guilty of an offence described in the first paragraph is liable to a fine of not less than $600 nor more than $30 000.
1988, c. 64, s. 530; 1990, c. 4, s. 956.
530. Every credit union or federation which, contrary to sections 241 and 250 to 253, engages in a transaction with a person whom it knows to be a restricted party, and every officer who authorized such a transaction, are guilty of an offence.
Every person found guilty of an offence described in the first paragraph is liable, in addition to costs, to a fine of not less than $600 nor more than $30 000.
1988, c. 64, s. 530.
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