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C-67.3 - Act respecting financial services cooperatives

Section 460.1
Disposition versions

Full text
460.1. The principles of sound and prudent management that a credit union must adhere to with regard to its financial management must provide that it maintain adequate assets to meet its liabilities, as and when they become due.
For the purpose of determining the assets to be maintained, demand deposits are considered payable when and to the extent considered usual in the economic conditions prevailing at the time.
2018, c. 23, s. 282.
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