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C-67.3 - Act respecting financial services cooperatives

Section 550
Disposition versions

Full text
550. Before requiring an appraisal of any immovable or asset to be made or before causing such appraisal to be made, the Authority shall notify the financial services cooperative concerned and, in the case of a credit union, the federation, and give them an opportunity to present observations. The Authority must do the same before assigning to any asset a value different from that determined by the appraiser.
The Authority shall notify, in writing, the cooperative and, if applicable, its auditor of the reduction made to the book value of one of its assets.
2000, c. 29, s. 550; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2016, c. 7, s. 218.
550. Before requiring an appraisal of any immovable or asset to be made or before causing such appraisal to be made, the Authority shall notify the financial services cooperative concerned and, in the case of a credit union, the federation, and give them an opportunity to present observations. The Authority must do the same before assigning to any asset a value different from that determined by the appraiser.
The Authority shall notify, in writing, the cooperative and its auditor of the reduction made to the book value of one of its assets.
2000, c. 29, s. 550; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
550. Before requiring an appraisal of any immovable or asset to be made or before causing such appraisal to be made, the Agency shall notify the financial services cooperative concerned and, in the case of a credit union, the federation, and give them an opportunity to present observations. The Agency must do the same before assigning to any asset a value different from that determined by the appraiser.
The Agency shall notify, in writing, the cooperative and its auditor of the reduction made to the book value of one of its assets.
2000, c. 29, s. 550; 2002, c. 45, s. 338.
550. Before requiring an appraisal of any immovable or asset to be made or before causing such appraisal to be made, the Inspector General shall notify the financial services cooperative concerned and, in the case of a credit union, the federation, and give them an opportunity to present observations. The Inspector General must do the same before assigning to any asset a value different from that determined by the appraiser.
The Inspector General shall notify, in writing, the cooperative and its auditor of the reduction made to the book value of one of its assets.
2000, c. 29, s. 550.
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