C-67.3 - Act respecting financial services cooperatives

Section 371 Disposition versions

2018-07-13

371. (Repealed).

2000, c. 29, s. 371; 2003, c. 20, s. 24; 2018, c. 23, s. 226.

2003-12-18

371. The federation shall also adopt standards applicable to the credit unions, with respect to

(1)  the reserves to be maintained for doubtful debts and contingent losses;

(2)  the allocation of surplus earnings;

(3)  the classes and series of shares that may be issued and the terms and conditions for the issue of those shares;

(4)  the voluntary purchase, the repurchase or the redemption of capital shares and investment shares;

(5)  the reserve for future dividends.

2000, c. 29, s. 371; 2003, c. 20, s. 24.

2001-07-01

371. The federation shall also adopt standards applicable to the credit unions, with respect to

(1)  the reserves to be maintained for doubtful debts and contingent losses;

(2)  the allocation of surplus earnings;

(3)  the classes and series of shares that may be issued and the terms and conditions for the issue of those shares;

(4)  the voluntary purchase, the repurchase or the redemption of capital shares and investment shares.

2000, c. 29, s. 371.