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C-67.3 - Act respecting financial services cooperatives

Section 569
Disposition versions

Full text
569. Where, in the opinion of the Authority, the board of supervision of a credit union or the board of ethics and professional conduct of a federation is not exercising its functions in accordance with the provisions of this Act, the Authority may order the board to take the measures indicated by the Authority to remedy the situation.
2000, c. 29, s. 569; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2005, c. 35, s. 35, s. 36; 2018, c. 23, s. 321.
569. Where, in the opinion of the Authority, the board of supervision of a credit union or the board of ethics and professional conduct of a federation is not exercising its functions in accordance with the provisions of this Act, the Authority may order the board to take the measures indicated by the Authority to remedy the situation.
Before exercising the power set out in the first paragraph, the Authority shall, pursuant to section 5 of the Act respecting administrative justice (chapter J‐3), notify the financial services cooperative and, if the cooperative is a credit union, the federation, and give it or them an opportunity to present observations.
2000, c. 29, s. 569; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2005, c. 35, s. 35, s. 36.
569. Where, in the opinion of the Authority, the board of audit and ethics of a credit union or the board of ethics of a federation is not exercising its functions in accordance with the provisions of this Act, the Authority may order the board to take the measures indicated by the Authority to remedy the situation.
Before exercising the power set out in the first paragraph, the Authority shall, pursuant to section 5 of the Act respecting administrative justice (chapter J‐3), notify the financial services cooperative and, if the cooperative is a credit union, the federation, and give it or them an opportunity to present observations.
2000, c. 29, s. 569; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
569. Where, in the opinion of the Agency, the board of audit and ethics of a credit union or the board of ethics of a federation is not exercising its functions in accordance with the provisions of this Act, the Agency may order the board to take the measures indicated by the Agency to remedy the situation.
Before exercising the power set out in the first paragraph, the Agency shall, pursuant to section 5 of the Act respecting administrative justice (chapter J‐3), notify the financial services cooperative and, if the cooperative is a credit union, the federation, and give it or them an opportunity to present observations.
2000, c. 29, s. 569; 2002, c. 45, s. 338.
569. Where, in the opinion of the Inspector General, the board of audit and ethics of a credit union or the board of ethics of a federation is not exercising its functions in accordance with the provisions of this Act, the Inspector General may order the board to take the measures indicated by the Inspector General to remedy the situation.
Before exercising the power set out in the first paragraph, the Inspector General shall, pursuant to section 5 of the Act respecting administrative justice (chapter J‐3), notify the financial services cooperative and, if the cooperative is a credit union, the federation, and give it or them an opportunity to present observations.
2000, c. 29, s. 569.
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