F-3.2.0.4 - Act respecting security funds

Section 26 Disposition versions

1999-10-22

26. The fund may, in the pursuit of its objects,

(1)  make loans and grants to the unions affiliated with it;

(2)  guarantee the repayment of an advance or of a loan made to a union affiliated with it;

(3)  make an agreement with a union affiliated with it under which the affairs of the union will be managed by the fund for a fixed period;

(4)  acquire, in whole or in part, the assets of a union affiliated with it;

(5)  act as the liquidator or trustee of a union affiliated with it;

(6)  act as the provisional administrator of a union affiliated with it for the purposes of the Savings and Credit Unions Act (chapter C-4.1);

(7)  provide in the place and stead of a federation guarantees for the purposes of section 12 of the Savings and Credit Unions Act;

(8)  for the purposes referred to in section 39.1, borrow from a federation whose unions are affiliated with the fund, in an amount equal to the sums deposited into the fund referred to in the second paragraph of section 408.1 of the Savings and Credit Unions Act, by way of the issue of subordinated debt securities.

Subordinated debt securities issued under subparagraph 8 of the first paragraph may not be redeemed before maturity without the authorization of the Inspector General.

1979, c. 53, s. 26; 1988, c. 64, s. 557; 1994, c. 38, s. 26; 1995, c. 31, s. 6; 1999, c. 40, s. 90.

1995-06-21

26. The corporation may, in the pursuit of its objects,

(1)  make loans and grants to the unions affiliated with it;

(2)  guarantee the repayment of an advance or of a loan made to a union affiliated with it;

(3)  make an agreement with a union affiliated with it under which the affairs of the union will be managed by the corporation for a fixed period;

(4)  acquire, in whole or in part, the assets of a union affiliated with it;

(5)  act as the liquidator or trustee of a union affiliated with it;

(6)  act as the provisional administrator of a union affiliated with it for the purposes of the Savings and Credit Unions Act (chapter C-4.1);

(7)  provide in the place and stead of a federation guarantees for the purposes of section 12 of the Savings and Credit Unions Act;

(8)  for the purposes referred to in section 39.1, borrow from a federation whose unions are affiliated with the corporation, in an amount equal to the sums deposited into the fund referred to in the second paragraph of section 408.1 of the Savings and Credit Unions Act, by way of the issue of subordinated debt securities.

Subordinated debt securities issued under subparagraph 8 of the first paragraph may not be redeemed before maturity without the authorization of the Inspector General.

1979, c. 53, s. 26; 1988, c. 64, s. 557; 1994, c. 38, s. 26; 1995, c. 31, s. 6.

1994-06-17

26. The corporation may, in the pursuit of its objects,

(1)  make loans and grants to the unions affiliated with it;

(2)  guarantee the repayment of an advance or of a loan made to a union affiliated with it;

(3)  make an agreement with a union affiliated with it under which the affairs of the union will be managed by the corporation for a fixed period;

(4)  acquire, in whole or in part, the assets of a union affiliated with it;

(5)  act as the liquidator or trustee of a union affiliated with it;

(6)  act as the provisional administrator of a union affiliated with it for the purposes of the Savings and Credit Unions Act (chapter C-4.1);

(7)  provide in the place and stead of a federation guarantees for the purposes of section 12 of the Savings and Credit Unions Act;

(8)  for the purposes referred to in section 39.1, borrow from a federation whose unions are affiliated with the corporation, in an amount equal to the sums deposited into the fund referred to in the second paragraph of section 408.1 of the Savings and Credit Unions Act, with the authorization of the Inspector General and subject to such conditions and restrictions as he may determine, by way of the issue of subordinated debt securities.

Subordinated debt securities issued under subparagraph 8 of the first paragraph may not be redeemed without the authorization of the Inspector General.

1979, c. 53, s. 26; 1988, c. 64, s. 557; 1994, c. 38, s. 26.

1989-03-15

26. The corporation may, in the pursuit of its objects,

(1)  make loans and grants to the unions affiliated with it;

(2)  guarantee the repayment of an advance or of a loan made to a union affiliated with it;

(3)  make an agreement with a union affiliated with it under which the affairs of the union will be managed by the corporation for a fixed period;

(4)  acquire, in whole or in part, the assets of a union affiliated with it;

(5)  act as the liquidator or trustee of a union affiliated with it;

(6)  act as the provisional administrator of a union affiliated with it for the purposes of the Savings and Credit Unions Act (chapter C-4.1);

(7)  provide in the place and stead of a federation guarantees for the purposes of section 12 of the Savings and Credit Unions Act.

1979, c. 53, s. 26; 1988, c. 64, s. 557.

1979-11-27

26. The corporation may, in the pursuit of its objects,

(1)  make loans and grants to the unions affiliated with it;

(2)  guarantee the repayment of an advance or of a loan made to a union affiliated with it;

(3)  make an agreement with a union affiliated with it under which the affairs of the union will be managed by the corporation for a fixed period;

(4)  acquire, in whole or in part, the assets of a union affiliated with it;

(5)  act as the liquidator or trustee of a union affiliated with it;

(6)  act as the provisional administrator of a union affiliated with it for the purposes of the Savings and Credit Unions Act.

1979, c. 53, s. 26.