C-4.1 - Savings and Credit Unions Act

Full text
458. Every confederation shall adopt standards applicable to the federations affiliated with it and the credit unions affiliated with such federations, with respect to
(1)  reserves to be maintained for bad debts and contingent losses;
(2)  the requirements relating to accounting operations and to the books, registers and other accounting records which they are required to keep;
(3)  the management, preservation and destruction of documents issued or received by a credit union or a federation.
1988, c. 64, s. 458; 1996, c. 69, s. 151.
458. Every confederation shall adopt by-laws applicable to the federations affiliated with it and the credit unions affiliated with such federations, with respect to
(1)  reserves to be maintained for bad debts and contingent losses;
(2)  the requirements relating to accounting operations and to the books, registers and other accounting records which they are required to keep;
(3)  the management, preservation and destruction of documents issued or received by a credit union or a federation.
1988, c. 64, s. 458.