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C-4.1 - Savings and Credit Unions Act

Section 499
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499. Where, in the opinion of the Inspector General, a credit union, a federation, a confederation, a holding company controlled directly or indirectly by a confederation, a legal person controlled by such a holding company or a legal person referred to in the first paragraph of section 469.1 does not adhere to sound financial practices or is not complying with this Act, a government regulation thereunder, a compliance program, an undertaking given under this Act or the rules of ethics on self-dealing and conflict of interest, he may order them to cease such practices and to remedy the situation.
1988, c. 64, s. 499; 1994, c. 38, s. 22.
499. Where, in the opinion of the Inspector General, a credit union, a federation, a confederation, a holding company controlled directly or indirectly by a confederation or a legal person controlled by such a holding company does not adhere to sound financial practices or is not complying with this Act, a government regulation thereunder, a compliance program, an undertaking given under this Act or the rules of ethics on self-dealing and conflict of interest, he may order them to cease such practices and to remedy the situation.
1988, c. 64, s. 499.
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