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C-67.3 - Act respecting financial services cooperatives
Section 181
Disposition versions
181. The Minister may, if the Minister considers it advisable, request the Authority to dissolve a credit union if
(1) it fails to comply with the provisions of section 191;
(2) it has been unable, within 30 days after the expiry of the period of time fixed in section 191, to become a member of another federation, to establish a new federation, or to submit to the Authority an agreement of amalgamation with another credit union that is a member of another federation or, failing the above, has not passed a resolution for its winding-up or has not obtained authorization from the Minister to be exempted from compliance with section 186;
(3) it fails to comply with the provisions of section 192;
(4) it has been unable, within 30 days after the expiry of the period of time fixed in section 192, to become a member of another federation or to submit to the Authority an agreement of amalgamation with another credit union that is a member of another federation or, failing the above, has not passed a resolution for its winding-up or has not obtained authorization from the Minister to be exempted from compliance with section 186.
181. The Minister may, if the Minister considers it advisable, request the Agency to dissolve a credit union if
(1) it fails to comply with the provisions of section 191;
(2) it has been unable, within 30 days after the expiry of the period of time fixed in section 191, to become a member of another federation, to establish a new federation, or to submit to the Agency an agreement of amalgamation with another credit union that is a member of another federation or, failing the above, has not passed a resolution for its winding-up or has not obtained authorization from the Minister to be exempted from compliance with section 186;
(3) it fails to comply with the provisions of section 192;
(4) it has been unable, within 30 days after the expiry of the period of time fixed in section 192, to become a member of another federation or to submit to the Agency an agreement of amalgamation with another credit union that is a member of another federation or, failing the above, has not passed a resolution for its winding-up or has not obtained authorization from the Minister to be exempted from compliance with section 186.
181. The Minister may, if the Minister considers it advisable, request the Inspector General to dissolve a credit union if
(1) it fails to comply with the provisions of section 191;
(2) it has been unable, within 30 days after the expiry of the period of time fixed in section 191, to become a member of another federation, to establish a new federation, or to submit to the Inspector General an agreement of amalgamation with another credit union that is a member of another federation or, failing the above, has not passed a resolution for its winding-up or has not obtained authorization from the Minister to be exempted from compliance with section 186;
(3) it fails to comply with the provisions of section 192;
(4) it has been unable, within 30 days after the expiry of the period of time fixed in section 192, to become a member of another federation or to submit to the Inspector General an agreement of amalgamation with another credit union that is a member of another federation or, failing the above, has not passed a resolution for its winding-up or has not obtained authorization from the Minister to be exempted from compliance with section 186.
