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C-67.3 - Act respecting financial services cooperatives

Section 475
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475. Sections 473 and 474 do not allow a credit union that is a member of a federation to acquire or hold contributed capital securities issued by an issuing corporation, nor do they allow a federation to acquire or hold such securities of such a corporation otherwise than in accordance with Division VI of this chapter.
2000, c. 29, s. 475; 2018, c. 23, s. 291.
475. The provisions of a regulation referred to in the second paragraph of section 473 and the provisions of section 474 allow the acquisition of shares of a legal person only where the legal person is or becomes, as a result of that acquisition, a legal person controlled by the acquirer.
The first paragraph does not apply in the cases determined by regulation of the Government.
2000, c. 29, s. 475.
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