488. A federation wishing to obtain the establishment of a security fund shall send to the Authority an application accompanied with a certified copy of the resolution of its board of directors authorizing the application and indicating the name and the location of the head office of the proposed fund.
Every credit union which is a member of the founder federation is a member of the security fund.
2000, c. 29, s. 488; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 232018, c. 23, s. 3031.