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C-4.1 - Savings and Credit Unions Act
Section 365
Disposition versions
365. Every federation may, by the adoption of standards applicable to the credit unions affiliated with it, establish classes of credit and determine, for all or one or more classes, or for one or more forms of credit of any such class, conditions and restrictions respecting the exercise of the powers of a credit union in matters of credit.
The standards of the federation shall be submitted for approval to the confederation with which it is affiliated or, if it is not affiliated, to the Government.
365. Every federation may, by by-law applicable to the credit unions affiliated with it, establish classes of credit and determine, for all or one or more classes, or for one or more forms of credit of any such class, conditions and restrictions respecting the exercise of the powers of a credit union in matters of credit.
The by-laws of the federation shall be submitted for approval to the confederation with which it is affiliated or, if it is not affiliated, to the Government.
