C-67.3 - Act respecting financial services cooperatives

Section 510 Disposition versions

2001-07-01

510. The fund may, in the pursuit of its mission,

(1)  make loans and grants to the credit unions that are members of the fund;

(2)  guarantee the commitments of a credit union that is a member of the fund;

(3)  guarantee the repayment of an advance or of a loan made to a credit union that is a member of the fund;

(4)  make an agreement with a credit union that is a member of the fund under which the affairs of the credit union will be managed by the fund for a fixed period;

(5)  acquire some or all of the assets of a credit union that is a member of the fund;

(6)  act as the liquidator or sequestrator of a credit union that is a member of the fund;

(7)  act as the provisional administrator of a credit union that is a member of the fund for the purposes of this Act;

(8)  provide in the place and stead of a federation guarantees for the purposes of section 187;

(9)  sell to a credit union that is a member of the fund the securities referred to in the second paragraph of section 481.

2000, c. 29, s. 510.