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C-67.3 - Act respecting financial services cooperatives

Section 170
Disposition versions

Full text
170. In order to guarantee the performance of his or her duties before taking possession of the property of the financial services cooperative, the liquidator shall give sufficient security and maintain it thereafter.
At the request of the Authority or of any other interested person, a judge of the Superior Court may determine the amount and nature of the security and increase it according to circumstances.
This section does not apply to a federation or to a security fund acting as a liquidator for a credit union that is a member of the federation.
2000, c. 29, s. 170; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 116.
170. In order to guarantee the performance of his or her duties before taking possession of the property of the financial services cooperative, the liquidator shall give sufficient security and maintain it thereafter.
At the request of the Authority or of any other interested person, a judge of the Superior Court may determine the amount and nature of the security and increase it according to circumstances.
This section does not apply to a federation or to a security fund acting as a liquidator for a credit union belonging to the group.
2000, c. 29, s. 170; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
170. In order to guarantee the performance of his or her duties before taking possession of the property of the financial services cooperative, the liquidator shall give sufficient security and maintain it thereafter.
At the request of the Agency or of any other interested person, a judge of the Superior Court may determine the amount and nature of the security and increase it according to circumstances.
This section does not apply to a federation or to a security fund acting as a liquidator for a credit union belonging to the group.
2000, c. 29, s. 170; 2002, c. 45, s. 338.
170. In order to guarantee the performance of his or her duties before taking possession of the property of the financial services cooperative, the liquidator shall give sufficient security and maintain it thereafter.
At the request of the Inspector General or of any other interested person, a judge of the Superior Court may determine the amount and nature of the security and increase it according to circumstances.
This section does not apply to a federation or to a security fund acting as a liquidator for a credit union belonging to the group.
2000, c. 29, s. 170.
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