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C-67.3 - Act respecting financial services cooperatives

Section 477
Disposition versions

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477. A financial services cooperative may become the owner or holder of property in contravention of section 473 only if it does so to obtain or preserve an accessory guarantee for one of its investments or for any other financial transaction.
2000, c. 29, s. 477; 2018, c. 23, s. 291.
477. Where, following an amalgamation, the replacement of securities held by a financial services cooperative causes it to cease to comply with the provisions applicable to the cooperative in relation to investments that may be made by it, the cooperative must take such action as is necessary to ensure its compliance with the said requirements within five years from the amalgamation.
2000, c. 29, s. 477.
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