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C-4.1 - Savings and Credit Unions Act

Section 86
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86. Except in the event of the death of its holder or of the winding-up, insolvency or dissolution of the credit union, no preferred share may be redeemed at the request of its holder before the expiry of a period of five years from its issue. However, the credit union may, at its option, purchase all or part of the shares it has issued, before the expiry of the stipulated term.
1988, c. 64, s. 86.
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