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C-67.3 - Act respecting financial services cooperatives

Section 461
Disposition versions

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461. Every credit union that is a member of a federation must maintain adequate liquid assets to meet its liabilities, as and when they become due, in accordance with federation standards.
The federation must adopt standards concerning the assets described in the first paragraph to be maintained by credit unions.
2000, c. 29, s. 461; 2018, c. 23, s. 283.
461. Every credit union that is a member of a federation must at all times maintain such liquid assets as are adequate to ensure sound and prudent management, in accordance with federation standards.
The federation must adopt standards concerning the liquid assets to be maintained by credit unions.
2000, c. 29, s. 461.
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