C-4 - Savings and Credit Unions Act

Section 140 Disposition versions

1977-12-31

140. However, in the exercise of the powers assigned to it by sections 138 and 139, no federation shall

(a)  invest more than thirty per cent of its assets in shares;

(b)  invest in shares an amount equal to more than three per cent of the total assets of the unions affiliated with it;

(c)  hold more than thirty per cent of the common shares of the same corporation, except a corporation contemplated in section 138;

(d)  invest more than ten per cent of its assets in the common shares of the same corporation contemplated in section 138;

(e)  invest more than three per cent of its assets in the common shares of the same corporation other than a corporation contemplated in section 138.

1970, c. 59, s. 44.