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C-67.3 - Act respecting financial services cooperatives
Section 547.27
Disposition versions
547.27. If the Authority considers it is in the public interest to do so, it shall order the Federation to implement the recovery operations.
Unless it makes such an order at the Federation’s request, the Authority may not order the Federation to implement those operations without first giving it an opportunity to present its observations with all dispatch considering the circumstances. The time granted to present such observations cannot be considered unreasonable for the sole reason that it is shorter than one day.
Not in force
547.27. If the Authority considers it is in the public interest to do so, it shall order the Federation to implement the recovery operations.
Unless it makes such an order at the Federation’s request, the Authority may not order the Federation to implement those operations without first giving it an opportunity to present its observations with all dispatch considering the circumstances. The time granted to present such observations cannot be considered unreasonable for the sole reason that it is shorter than one day.
