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C-67.3 - Act respecting financial services cooperatives
Section 476
Disposition versions
476. For the purposes of this Act, an issuing corporation means a business corporation constituted or continued under the Business Corporations Act (chapter S-31.1) whose articles limit its activities to making public issues of securities and acquiring, in consideration for them, securities issued either by the federation that holds all the shares carrying voting rights issued by that corporation, or by the member credit unions of that federation.
476. No provision of this Act shall be construed as limiting the powers of a financial services cooperative to realize a security by acquiring property or otherwise. However, the cooperative shall, subject to market conditions, take the measures required, within a reasonable time, to comply with the provisions applicable to the cooperative in relation to the investments it may make.
