C-4.1 - Savings and Credit Unions Act

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394. The capital base of a federation shall be reduced by the amount of any investment or credit that is not in compliance with this Act made or extended by the federation or an affiliated credit union, unless it was made or extended before 15 March 1989 and as long as it is recognized as an asset by the Inspector General on such conditions as he may determine.
1988, c. 64, s. 394.