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S-10 - Act respecting the Société de développement coopératif

Section 33
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Full text
33. When the corporation guarantees the repayment of a loan granted to a cooperative undertaking, it shall set aside and keep for the duration of that guarantee a reserve fund equivalent to at least 50% of the amount of the guarantee.
1977, c. 69, s. 33; 1979, c. 40, s. 6.
33. When the corporation guarantees the repayment of a loan granted to a cooperative undertaking, it shall set aside and keep for the duration of that guarantee a reserve fund equivalent to at least 50% of the amount of the guarantee.
The total amount of the guarantees so granted shall not exceed 10% of the assets of the corporation.
1977, c. 69, s. 33.
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