C-67.3 - Act respecting financial services cooperatives

Section 17 Disposition versions

2001-07-01

17. The name of a financial services cooperative shall not

(1)  contravene the Charter of the French language (chapter C‐11);

(2)  include an expression which the law or the regulations reserve for another person or prohibit financial services cooperatives from using;

(3)  include an expression that evokes an immoral, obscene or offensive notion;

(4)  incorrectly indicate the juridical form of the financial services cooperative or fail to indicate such form where so required by law;

(5)  falsely suggest that the financial services cooperative is a non-profit group;

(6)  falsely suggest that the financial services cooperative is, or is related to, a public authority determined by regulation of the Government;

(7)  falsely suggest that the financial services cooperative is related to another person, partnership or group, in particular having regard to the cases and criteria determined by regulation of the Government;

(8)  lead to confusion with a name used by another person, partnership or group in Québec, in particular having regard to the criteria determined by regulation of the Government; or

(9)  be misleading, in any manner, for third persons.

The name of a financial services cooperative shall not contain the term “association” or “partnership”.

2000, c. 29, s. 17.