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C-4.1 - Savings and Credit Unions Act

Section 79
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79. The credit union may redeem permanent shares held for at least five years by a person who is 60 years of age and has availed himself of a right to pre-retirement or to retirement or by a person who is 65 years of age.
No payment may be made under this section if the capital base of the credit union or, as the case may be, of the federation with which it is affiliated is equal to or thereby lowered to, a level that is lower than the level required pursuant to this Act.
1988, c. 64, s. 79.
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