C-67.3 - Act respecting financial services cooperatives

Section 82 Disposition versions

2018-07-13

82. Before hypothecating or giving property as security, a credit union must obtain the authorization of the federation. A credit union that is not a member of a federation must obtain the authorization of the Authority.

2000, c. 29, s. 82; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2009, c. 27, s. 4; 2018, c. 23, s. 73.

2009-06-17

82. Before hypothecating or giving property as security for the purposes set out in section 81, a credit union must obtain the authorization of the federation. A credit union that is not a member of a federation must obtain the authorization of the Authority.

Before hypothecating or giving property as security for the purposes set out in paragraphs 5 to 8 of section 81, a federation must obtain the authorization of the Authority. Before hypothecating or giving property as security for the purposes set out in paragraphs 1 to 4 of the said section, it must give notice to the Authority.

Any authorization given by the Authority under the second paragraph or under section 81.1 may include conditions and restrictions and may apply to a category or group of financial services cooperatives.

2000, c. 29, s. 82; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2009, c. 27, s. 4.

2004-12-17

82. Before hypothecating or giving property as security for the purposes set out in section 81, a credit union must obtain the authorization of the federation. A credit union that is not a member of a federation must obtain the authorization of the Authority.

Before hypothecating or giving property as security for the purposes set out in paragraphs 5 to 8 of section 81, a federation must obtain the authorization of the Authority. Before hypothecating or giving property as security for the purposes set out in paragraphs 1 to 4 of the said section, it must give notice to the Authority.

The authorization given by the Authority under paragraphs 5 to 8 of the said section may include conditions and restrictions and may apply to a category or group of financial services cooperatives.

2000, c. 29, s. 82; 2002, c. 45, s. 338; 2004, c. 37, s. 90.

2004-02-01

82. Before hypothecating or giving property as security for the purposes set out in section 81, a credit union must obtain the authorization of the federation. A credit union that is not a member of a federation must obtain the authorization of the Agency.

Before hypothecating or giving property as security for the purposes set out in paragraphs 5 to 8 of section 81, a federation must obtain the authorization of the Agency. Before hypothecating or giving property as security for the purposes set out in paragraphs 1 to 4 of the said section, it must give notice to the Agency.

The authorization given by the Agency under paragraphs 5 to 8 of the said section may include conditions and restrictions and may apply to a category or group of financial services cooperatives.

2000, c. 29, s. 82; 2002, c. 45, s. 338.

2001-07-01

82. Before hypothecating or giving property as security for the purposes set out in section 81, a credit union must obtain the authorization of the federation. A credit union that is not a member of a federation must obtain the authorization of the Inspector General.

Before hypothecating or giving property as security for the purposes set out in paragraphs 5 to 8 of section 81, a federation must obtain the authorization of the Inspector General. Before hypothecating or giving property as security for the purposes set out in paragraphs 1 to 4 of the said section, it must give notice to the Inspector General.

The authorization given by the Inspector General under paragraphs 5 to 8 of the said section may include conditions and restrictions and may apply to a category or group of financial services cooperatives.

2000, c. 29, s. 82.