C-4.1 - Savings and Credit Unions Act

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264. Every credit union not affiliated with a federation must at all times maintain such liquid assets as are adequate to meet its requirements. The Inspector General may give written instructions to a credit union as to the adequacy and nature of its liquid assets.
Before exercising the power set out in the first paragraph, the Inspector General shall notify the credit union of his intention and give it an opportunity to present observations.
1988, c. 64, s. 264; 1996, c. 69, s. 180.
264. Every credit union not affiliated with a federation must at all times maintain such liquid assets as are adequate to meet its requirements. The Inspector General may give written instructions to a credit union as to the adequacy and nature of its liquid assets.
Before exercising the power set out in the first paragraph, the Inspector General shall notify the credit union of his intention and give it an opportunity to be heard.
1988, c. 64, s. 264.