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C-4 - Savings and Credit Unions Act
Section 123
Disposition versions
123. The Minister, upon the filing of the memorandum of association provided for in section 124, and after having obtained the opinion of the Inspector General, may authorize the formation of a federation of savings and credit unions.
Such memorandum shall be signed on behalf of at least twelve unions, by representatives specially authorized for that purpose by resolutions of their respective boards of directors, each resolution ratified by the general meeting of the members, and stating the names of the persons authorized to sign such memorandum of association.
123. The Minister, upon the filing of the memorandum of association provided for in section 124, may authorize the formation of a federation of savings and credit unions.
Such memorandum shall be signed on behalf of at least twelve unions, by representatives specially authorized for that purpose by resolutions of their respective boards of directors, each resolution ratified by the general meeting of the members, and stating the names of the persons authorized to sign such memorandum of association.
