C-67.3 - Act respecting financial services cooperatives

Section 133 Disposition versions

2018-07-13

133. In addition to the information referred to in the second paragraph of section 49, the securities register of a financial services cooperative must contain the following information with regard to the issued shares of its share capital:

(1)  the names, in alphabetical order, and the addresses of the shareholders;

(2)  the number of shares held by each such shareholder;

(3)  the date and details of the issue and, if applicable, transfer of each share; and

(4)  any amount due on any share.

The register must contain, if applicable, the same information with respect to the cooperative’s debentures, bonds and notes, with the necessary modifications.

2000, c. 29, s. 133; 2016, c. 7, s. 189; 2018, c. 23, s. 107.

2016-05-18

133. A financial services cooperative shall, in addition, keep

(1)  the books, registers and accounting records required for preparing financial statements;

(2)  statements of account indicating, on a daily basis and for each depositor, the transactions between the cooperative and that depositor as well as the depositor’s credit balance or debit balance.

However, if the cooperative is a credit union that is a member of a federation, the cooperative shall keep the books, registers and accounting records necessary to prepare its financial report and the combined financial statements.

The content of a credit union’s financial report is prescribed by a standard of the federation; the combined financial statements present, in a combined form, the financial position of the credit unions that are members of the federation.

2000, c. 29, s. 133; 2016, c. 7, s. 189.

2001-07-01

133. A financial services cooperative shall, in addition, keep

(1)  the books, registers and accounting records required for preparing financial statements;

(2)  statements of account indicating, on a daily basis and for each depositor, the transactions between the cooperative and that depositor as well as the depositor’s credit balance or debit balance.

2000, c. 29, s. 133.