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C-67.3 - Act respecting financial services cooperatives

Section 61
Disposition versions

Full text
61. The purchase at the option of the credit union and the holder, repurchase or redemption of the shares issued by a credit union must be consistent with the standards of the federation, or be authorized by the Authority where the credit union concerned is not a member of a federation.
The repurchase or redemption of the shares issued by a federation, other than those held by a member credit union of the federation, must be authorized by the Authority.
2000, c. 29, s. 61; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 60.
61. The purchase at the option of the credit union and the holder, repurchase or redemption of the shares issued by a credit union must be consistent with the standards of the federation, or be authorized by the Authority where the credit union concerned is not a member of a federation.
The repurchase or redemption of the shares issued by a federation must be authorized by the Authority.
2000, c. 29, s. 61; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
61. The purchase at the option of the credit union and the holder, repurchase or redemption of the shares issued by a credit union must be consistent with the standards of the federation, or be authorized by the Agency where the credit union concerned is not a member of a federation.
The repurchase or redemption of the shares issued by a federation must be authorized by the Agency.
2000, c. 29, s. 61; 2002, c. 45, s. 338.
61. The purchase at the option of the credit union and the holder, repurchase or redemption of the shares issued by a credit union must be consistent with the standards of the federation, or be authorized by the Inspector General where the credit union concerned is not a member of a federation.
The repurchase or redemption of the shares issued by a federation must be authorized by the Inspector General.
2000, c. 29, s. 61.
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