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C-67.3 - Act respecting financial services cooperatives
Section 38
Disposition versions
38. Articles of replacement or amendment for a financial services cooperative cannot be authorized except by special resolution.
The resolution must designate the person authorized to sign the request. If the cooperative is a credit union that is a member of a federation, the resolution must be submitted for approval to the federation, unless the object of the resolution is the termination, by a credit union, of its membership in the federation.
38. Articles of replacement or amendment for a financial services cooperative cannot be authorized except by a by-law of the cooperative.
The by-law must designate the person authorized to sign the request and must be submitted for approval to the federation, unless the object of the by-law is to terminate the membership of a credit union in a federation.
