C-67.3 - Act respecting financial services cooperatives

Full text
371. (Repealed).
2000, c. 29, s. 371; 2003, c. 20, s. 24; 2018, c. 23, s. 226.
371. The federation shall also adopt standards applicable to the credit unions, with respect to
(1)  the reserves to be maintained for doubtful debts and contingent losses;
(2)  the allocation of surplus earnings;
(3)  the classes and series of shares that may be issued and the terms and conditions for the issue of those shares;
(4)  the voluntary purchase, the repurchase or the redemption of capital shares and investment shares;
(5)  the reserve for future dividends.
2000, c. 29, s. 371; 2003, c. 20, s. 24.
371. The federation shall also adopt standards applicable to the credit unions, with respect to
(1)  the reserves to be maintained for doubtful debts and contingent losses;
(2)  the allocation of surplus earnings;
(3)  the classes and series of shares that may be issued and the terms and conditions for the issue of those shares;
(4)  the voluntary purchase, the repurchase or the redemption of capital shares and investment shares.
2000, c. 29, s. 371.