C-67.3 - Act respecting financial services cooperatives

Section 547.2 Disposition versions

2018-07-13

547.2. The by-laws of the Group, in addition to the provisions they may contain under this Act, must contain provisions to ensure the Group’s cohesion and operation, except rules governing relations between the financial services cooperatives and the Fonds de sécurité (in this chapter referred to as “the Fund”) that form the Group.

The by-laws of the Group may, as regards the financial services cooperatives that belong to it,

(1)  in matters referred to in sections 94, 95, 98, 211 to 214, 216, 216.1, 217 and 217.1, the first paragraph of section 220, sections 223 and 224, subparagraphs 1 to 6 of the second paragraph of section 227, sections 229, 234 to 236, 237, 239, 244 to 247, 249 to 256 and 294.1 to 299, the first paragraph of section 302 and sections 304, 305, 306, 309 to 312, 317, 318, 320, 323, 329, 334, 337 and 341 to 344, contain any provision departing from those sections or provide that all or some of those sections do not apply and substitute other provisions for those sections;

(2)  contain any useful provision to complement the provisions of this Act for the purpose of creating any organ within a cooperative and seeing to the exercise of its functions and powers; and

(3)  restrict or withdraw the powers conferred on the general meeting of the Federation by this Act so that they may be exercised by another organ of the Federation.

The by-laws of the Group may also contain any provision aimed at allowing transfers of members between credit unions belonging to the Group or at allowing any member of such a credit union to receive, in any establishment of any other credit union belonging to the Group, the services and other prestations offered at that establishment on the same conditions as if it were the establishment of the credit union of which that member is a member.

The by-laws of the Group may also contain any provision that, under this Act, may be contained in the by-laws of a financial services cooperative.

2018, c. 23, s. 315.