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C-67.3 - Act respecting financial services cooperatives

Section 187
Disposition versions

Full text
187. No credit union may be established unless a federation has undertaken to admit it as a member and to furnish, at the request of the Authority, such guarantees as the latter may consider sufficient to ensure the protection of the members of the credit union.
The guarantees required pursuant to the first paragraph may be furnished by a security fund.
2000, c. 29, s. 187; 2002, c. 45, s. 314; 2004, c. 37, s. 90.
187. No credit union may be established unless a federation has undertaken to admit it as a member and to furnish, at the request of the Agency, such guarantees as the latter may consider sufficient to ensure the protection of the members of the credit union.
The guarantees required pursuant to the first paragraph may be furnished by a security fund.
2000, c. 29, s. 187; 2002, c. 45, s. 314.
187. No credit union may be established unless a federation has undertaken to admit it as a member and to furnish, at the request of the Inspector General, such guarantees as the latter may consider sufficient to ensure the protection of the members of the credit union.
The guarantees required pursuant to the first paragraph may be furnished by a security fund.
2000, c. 29, s. 187.
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