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C-67.3 - Act respecting financial services cooperatives

Section 188
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188. The Minister may, if the Minister considers it advisable and after obtaining the advice of the Authority, authorize, on the conditions determined by the Minister, the establishment of a credit union even if no federation has undertaken to admit it as a member and exempt the credit union from compliance with section 186 if the founders have furnished guarantees considered sufficient by the Authority to ensure the protection of the members of the credit union.
2000, c. 29, s. 188; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
188. The Minister may, if the Minister considers it advisable and after obtaining the advice of the Agency, authorize, on the conditions determined by the Minister, the establishment of a credit union even if no federation has undertaken to admit it as a member and exempt the credit union from compliance with section 186 if the founders have furnished guarantees considered sufficient by the Agency to ensure the protection of the members of the credit union.
2000, c. 29, s. 188; 2002, c. 45, s. 338.
188. The Minister may, if the Minister considers it advisable and after obtaining the advice of the Inspector General, authorize, on the conditions determined by the Minister, the establishment of a credit union even if no federation has undertaken to admit it as a member and exempt the credit union from compliance with section 186 if the founders have furnished guarantees considered sufficient by the Inspector General to ensure the protection of the members of the credit union.
2000, c. 29, s. 188.
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