C-4.1 - Savings and Credit Unions Act

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457.1. A confederation may, 30 days after sending a demand notice to a federation affiliated with it requiring that the federation exercise its powers under sections 353 and 354, paragraph 3 of section 364, and sections 371, 375.1 and 385.1, exercise such powers if the federation refuses or neglects to do so. The confederation may, where warranted by urgent necessity and after giving notice to the federation of its intention to intervene in respect of a credit union affiliated with the federation, exercise such powers forthwith.
1996, c. 69, s. 150.