F-3.2.0.4 - Act respecting security funds

Section 3 Disposition versions

1999-10-22

3. The Government may, upon the recommendation of the Minister acting upon the application of a federation, constitute a security fund for the following objects:

(1)  to establish and administer a security, liquidity or mutual aid fund for the benefit of the unions affiliated with the fund;

(1.1)  to assist, in accordance with subparagraph 8 of the first paragraph of section 26 and section 39.1, federations whose unions are affiliated with the fund;

(2)  to assist in the payment of losses sustained by the members of a union affiliated with the fund, in case of a winding-up.

Before recommending the constitution of a security fund, the Minister shall obtain the opinion of the Inspector General of Financial Institutions.

1979, c. 53, s. 3; 1981, c. 9, s. 24; 1982, c. 52, s. 180; 1994, c. 38, s. 25; 1999, c. 40, s. 90.

1994-06-17

3. The Government may, upon the recommendation of the Minister acting upon the application of a federation, incorporate a security fund corporation for the following objects:

(1)  to establish and administer a security, liquidity or mutual aid fund for the benefit of the unions affiliated with the corporation;

(1.1)  to assist, in accordance with subparagraph 8 of the first paragraph of section 26 and section 39.1, federations whose unions are affiliated with the corporation;

(2)  to assist in the payment of losses sustained by the members of a union affiliated with the corporation, in case of a winding-up.

Before recommending the incorporation of a security fund corporation, the Minister shall obtain the opinion of the Inspector General of Financial Institutions.

1979, c. 53, s. 3; 1981, c. 9, s. 24; 1982, c. 52, s. 180; 1994, c. 38, s. 25.

1983-04-01

3. The Government may, upon the recommendation of the Minister acting upon the application of a federation, incorporate a security fund corporation for the following objects:

(1)  to establish and administer a security, liquidity or mutual aid fund for the benefit of the unions affiliated with the corporation;

(2)  to assist in the payment of losses sustained by the members of a union affiliated with the corporation, in case of a winding-up.

Before recommending the incorporation of a security fund corporation, the Minister shall obtain the opinion of the Inspector General of Financial Institutions.

1979, c. 53, s. 3; 1981, c. 9, s. 24; 1982, c. 52, s. 180.

1981-06-18

3. The Government may, upon the recommendation of the Minister of Financial Institutions and Cooperatives acting upon the application of a federation, incorporate a security fund corporation for the following objects:

(1)  to establish and administer a security, liquidity or mutual aid fund for the benefit of the unions affiliated with the corporation;

(2)  to assist in the payment of losses sustained by the members of a union affiliated with the corporation, in case of a winding-up.

1979, c. 53, s. 3; 1981, c. 9, s. 24.

1979-11-27

3. The Government may, upon the recommendation of the Minister of Consumer Affairs, Cooperatives and Financial Institutions acting upon the application of a federation, incorporate a security fund corporation for the following objects:

(1)  to establish and administer a security, liquidity or mutual aid fund for the benefit of the unions affiliated with the corporation;

(2)  to assist in the payment of losses sustained by the members of a union affiliated with the corporation, in case of a winding-up.

1979, c. 53, s. 3.