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C-67.3 - Act respecting financial services cooperatives

Section 557
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557. The Authority shall, in addition, at the request of a credit union’s board of directors or board of supervision, of 100 of its members or of 1/3 of its members, or at the request of the federation, conduct or commission any examination and any investigation the Authority considers expedient into the internal affairs and the activities of the credit union.
The Authority shall render an account of any examination and any investigation to any member of the credit union who so requests, to the board of supervision of the credit union and to the federation.
The expenses incurred for any examination or investigation conducted under this section by the Authority shall be charged to the credit union.
2000, c. 29, s. 557; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2005, c. 35, s. 35.
557. The Authority shall, in addition, at the request of a credit union’s board of directors or board of audit and ethics, of 100 of its members or of 1/3 of its members, or at the request of the federation, conduct or commission any examination and any investigation the Authority considers expedient into the internal affairs and the activities of the credit union.
The Authority shall render an account of any examination and any investigation to any member of the credit union who so requests, to the board of audit and ethics of the credit union and to the federation.
The expenses incurred for any examination or investigation conducted under this section by the Authority shall be charged to the credit union.
2000, c. 29, s. 557; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
557. The Agency shall, in addition, at the request of a credit union’s board of directors or board of audit and ethics, of 100 of its members or of 1/3 of its members, or at the request of the federation, conduct or commission any examination and any investigation the Agency considers expedient into the internal affairs and the activities of the credit union.
The Agency shall render an account of any examination and any investigation to any member of the credit union who so requests, to the board of audit and ethics of the credit union and to the federation.
The expenses incurred for any examination or investigation conducted under this section by the Agency shall be charged to the credit union.
2000, c. 29, s. 557; 2002, c. 45, s. 338.
557. The Inspector General shall, in addition, at the request of a credit union’s board of directors or board of audit and ethics, of 100 of its members or of 1/3 of its members, or at the request of the federation, conduct or commission any examination and any investigation the Inspector General considers expedient into the internal affairs and the activities of the credit union.
The Inspector General shall render an account of any examination and any investigation to any member of the credit union who so requests, to the board of audit and ethics of the credit union and to the federation.
The expenses incurred for any examination or investigation conducted under this section by the Inspector General shall be charged to the credit union.
2000, c. 29, s. 557.
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