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C-4 - Savings and Credit Unions Act

Section 119
Disposition versions

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119. The board of directors of an unaffiliated union must in particular:
(a)  maintain liquidity in accordance with the requirements of the Inspector General;
(b)  require any person entrusted with the management or custody of the funds of the union to give security in accordance with the standards prescribed by the Inspector General;
(c)  adopt an accounting method recognized by the Inspector General.
1970, c. 59, s. 40; 1982, c. 52, s. 107.
119. The board of directors of an unaffiliated union must in particular:
(a)  maintain liquidity in accordance with the requirements of the Minister;
(b)  require any person entrusted with the management or custody of the funds of the union to give security in accordance with the standards prescribed by the Minister;
(c)  adopt an accounting method recognized by the Minister.
1970, c. 59, s. 40.
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