C-4 - Savings and Credit Unions Act

Section 152 Disposition versions

1983-04-01

152. In the case of a union whose general reserve does not represent, at the close of the business year current on 23 June 1978, 3 1/2% or more of the liabilities of the union constituted by the deposits of members and, in the case of a union created after such date, the annual operating surplus must be allocated to the general reserve in the amount determined by the federation with which the union is affiliated or, in the case of an unaffiliated union, by the Inspector General.

This amount is determined each year for each union and the union may pay an amount exceeding the determined amount.

In the first paragraph, the word “federation” does not include the Confédération des caisses populaires et d’économie Desjardins du Québec.

1978, c. 85, s. 36 (part); 1979, c. 90, s. 3; 1982, c. 52, s. 107.

1979-12-21

152. In the case of a union whose general reserve does not represent, at the close of the business year current on 23 June 1978, 31/2% or more of the liabilities of the union constituted by the deposits of members and, in the case of a union created after such date, the annual operating surplus must be allocated to the general reserve in the amount determined by the federation with which the union is affiliated or, in the case of an unaffiliated union, by the Minister.

This amount is determined each year for each union and the union may pay an amount exceeding the determined amount.

In the first paragraph, the word “federation” does not include the Confédération des caisses populaires et d’économie Desjardins du Québec.

1978, c. 85, s. 36 (part); 1979, c. 90, s. 3.

1978-06-23

152. In the case of a union whose general reserve does not represent, at the close of the business year current on 23 June 1978, 31/2% or more of the liabilities of the union constituted by the deposits of members and, in the case of a union created after such date, the annual operating surplus must be allocated to the general reserve in the amount determined by the federation with which the union is affiliated or, in the case of an unaffiliated union, by the Minister.

This amount is determined each year for each union and the union may pay an amount exceeding the determined amount.

In the first paragraph, the word “federation” does not include the Fédération de Québec des Unions régionales des Caisses Populaires Desjardins.

1978, c. 85, s. 36 (part).