124. The Authority may designate a natural person or group as a restricted party if, in its opinion, that person or group is likely to receive preferential treatment to the detriment of the financial services cooperative.
The Authority may review a designation at the request of the person or group designated or the cooperative concerned.
Before making or refusing to review a designation, the Authority must give the natural person or group and the cooperative concerned an opportunity to present observations.
The Authority shall notify the person or group designated and the cooperative concerned of its decision on the designation or the review request, as applicable.
2000, c. 29, s. 124; 2005, c. 35, s. 4; 2018, c. 232018, c. 23, s. 1021.