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C-67.3 - Act respecting financial services cooperatives

Section 178.1
Disposition versions

Full text
178.1. A debtor who would have been entitled to an acquittance from a credit union that, before its winding‑up, was a member of a federation, but may not obtain it because of the winding‑up, may obtain it from the federation.
The federation may also release the debtor from a hypothec and consent to cancelling its registration, if applicable, in the registers kept at the registry office.
A credit union that was wound up before 1 July 2001 and that, prior to its winding‑up, was a member of a federation or amalgamating confederation under section 689, is considered to be a credit union that was a member of the Fédération des caisses Desjardins du Québec.
2018, c. 23, s. 118.
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