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C-4.1 - Savings and Credit Unions Act

Section 404
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404. Notwithstanding section 403, a federation may acquire or hold, for control purposes, shares issued by a legal person whose sole purpose consists in holding an immovable which will serve mainly as head office of the federation.
In that case, the investment of the federation shall, for the purposes of section 408, be posted on a consolidated basis.
1988, c. 64, s. 404.
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