C-67.3 - Act respecting financial services cooperatives

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135. The accounting records that must be maintained by a financial services cooperative include
(1)  the registers and accounting records required for preparing financial statements; and
(2)  statements of account indicating, on a daily basis and for each depositor, the transactions between the cooperative and that depositor as well as the depositor’s credit balance or debit balance.
However, if the cooperative is a credit union that is a member of a federation, it is required to maintain only those accounting records that are necessary for preparing its financial report.
The content of a credit union’s financial report is prescribed by a standard of the federation.
2000, c. 29, s. 135; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 107; 2021, c. 34, s. 29.
135. The accounting records that must be maintained by a financial services cooperative include
(1)  the registers and accounting records required for preparing financial statements; and
(2)  statements of account indicating, on a daily basis and for each depositor, the transactions between the cooperative and that depositor as well as the depositor’s credit balance or debit balance.
However, if the cooperative is a credit union that is a member of a federation, it is required to maintain only those accounting records that are necessary for preparing its financial report and the combined financial statements.
The content of a credit union’s financial report is prescribed by a standard of the federation; the combined financial statements present, in a combined form, the financial position of the credit unions that are members of the federation.
2000, c. 29, s. 135; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 107.
135. A financial services cooperative shall keep its books and registers at its head office or at any other place in Québec, in accordance with the standards of the federation.
Where the books and registers are not kept at the head office of the cooperative, it must send a notice to the Authority stating where the books and register are kept.
2000, c. 29, s. 135; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
135. A financial services cooperative shall keep its books and registers at its head office or at any other place in Québec, in accordance with the standards of the federation.
Where the books and registers are not kept at the head office of the cooperative, it must send a notice to the Agency stating where the books and register are kept.
2000, c. 29, s. 135; 2002, c. 45, s. 338.
135. A financial services cooperative shall keep its books and registers at its head office or at any other place in Québec, in accordance with the standards of the federation.
Where the books and registers are not kept at the head office of the cooperative, it must send a notice to the Inspector General stating where the books and register are kept.
2000, c. 29, s. 135.