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C-67.3 - Act respecting financial services cooperatives

Section 130
Disposition versions

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130. No financial services cooperative may extend credit to its officers or managers or to natural persons or groups having economic ties with them except to the extent determined by the rules of ethics and professional conduct and in accordance with the credit standards applicable to the cooperative.
No financial services cooperative may extend credit to any of the officers of a legal person belonging to the financial group to which the cooperative belongs except to the extent determined by the rules of ethics and professional conduct and in accordance with the credit standards applicable to the cooperative.
2000, c. 29, s. 130; 2005, c. 35, s. 5; 2018, c. 23, s. 104.
130. No financial services cooperative may extend credit to any of its officers or to any person who is an associate of any of its officers except to the extent determined by the rules of ethics and professional conduct and in accordance with the credit standards applicable to the cooperative.
No financial services cooperative may extend credit to any of the officers of a legal person belonging to its group except to the extent determined by the rules of ethics and professional conduct and in accordance with the credit standards applicable to the cooperative.
2000, c. 29, s. 130; 2005, c. 35, s. 5.
130. No financial services cooperative may extend credit to any of its officers or to any person who is an associate of any of its officers except to the extent determined by the rules of ethics and in accordance with the credit standards applicable to the cooperative.
No financial services cooperative may extend credit to any of the officers of a legal person belonging to its group except to the extent determined by the rules of ethics and in accordance with the credit standards applicable to the cooperative.
2000, c. 29, s. 130.
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