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C-67.3 - Act respecting financial services cooperatives

Section 364
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364. In addition to the other powers it may exercise under this Act, the federation may
(1)  examine the books and accounts of any credit union;
(2)  enter into an agreement with the board of directors of a credit union entrusting the federation with the supervision, direction or administration of the affairs of the credit union for a specified period;
(3)  develop and provide any service for the benefit of the members of a credit union;
(4)  participate with a credit union in the establishment and administration of the services that the credit union may provide;
(5)  act, for the purposes of this Act, as the temporary or provisional administrator or as the liquidator of a credit union;
(6)  act as the liquidator or sequestrator for the performance of an obligation secured by hypothec of which a credit union is a creditor;
(7)  make gifts in its name and in that of the credit unions.
For the purposes of subparagraph 3 of the first paragraph, a service may be developed or provided by a legal person or partnership chosen by the federation.
2000, c. 29, s. 364; 2010, c. 40, s. 7; 2018, c. 23, s. 220.
364. In addition to the other powers it may exercise under this Act, the federation may
(1)  examine the books and accounts of any credit union;
(2)  enter into an agreement with the board of directors of a credit union entrusting the federation with the supervision, direction or administration of the affairs of the credit union for a specified period;
(3)  develop and provide any service for the benefit of the members of a credit union;
(4)  participate with a credit union in the establishment and administration of the services that the credit union may provide;
(5)  act, for the purposes of this Act, as the temporary or provisional administrator or as the liquidator of a credit union;
(6)  act as the liquidator or sequestrator for the performance of an obligation secured by hypothec of which a credit union is a creditor;
(7)  make gifts in its name and in that of the credit unions.
For the purposes of subparagraph 3 of the first paragraph, a service may be developed or provided by a legal person or partnership controlled by the federation.
2000, c. 29, s. 364; 2010, c. 40, s. 7.
364. In addition to the other powers it may exercise under this Act, the federation may
(1)  examine the books and accounts of any credit union;
(2)  enter into an agreement with the board of directors of a credit union entrusting the federation with the supervision, direction or administration of the affairs of the credit union for a specified period;
(3)  develop and provide any service for the benefit of the members of a credit union;
(4)  participate with a credit union in the establishment and administration of the services that the credit union may provide;
(5)  act, for the purposes of this Act, as the temporary or provisional administrator or as the liquidator of a credit union;
(6)  act as the liquidator or sequestrator for the performance of an obligation secured by hypothec of which a credit union is a creditor;
(7)  make gifts in its name and in that of the credit unions.
2000, c. 29, s. 364.
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