Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-67.3 - Act respecting financial services cooperatives

Section 85
Disposition versions

Full text
85. In no case may the general reserve of a financial services cooperative be drawn upon for the payment of dividends, or be shared between the members.
In the circumstances referred to in the first paragraph of section 62.1, the general reserve of a federation or a member credit union of the federation may be drawn upon to pay interest on the capital shares it has issued.
2000, c. 29, s. 85; 2018, c. 23, s. 75.
85. In no case may the general reserve of a financial services cooperative be drawn upon for the payment of dividends, or be shared between the members.
2000, c. 29, s. 85.
© Gouvernement du Québec