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C-4 - Savings and Credit Unions Act

Section 155
Disposition versions

Full text
155. The sums allocated to a reserve, other than the general reserve constituted by a union before 23 June 1978, may be transferred to the general reserve of the union.
Until this transfer is made, these sums may be added to the amount of the general reserve, in order to determine the total amount that may be borrowed by the union under section 78 and one-half of these sums must be deposited or invested in accordance with section 84.
1978, c. 85, s. 39.
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