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S-10.001 - Act respecting the Société de développement des coopératives

Section 38
Disposition versions

Full text
38. The corporation shall make no investment except
(1)  a deposit in a savings and credit union governed by the Savings and Credit Unions Act (chapter C-4.1), in a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4) or in a registered institution within the meaning of the Deposit Insurance Act (chapter A-26);
(2)  an acquisition of bonds or other evidences of indebtedness issued by the Government;
(3)  other investments determined by the Government.
1984, c. 8, s. 38; 1988, c. 64, s. 587.
38. The corporation shall make no investment except
(1)  a deposit in a savings and credit union governed by the Savings and Credit Unions Act (chapter C-4), in a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4) or in a registered institution within the meaning of the Deposit Insurance Act (chapter A-26);
(2)  an acquisition of bonds or other evidences of indebtedness issued by the Government;
(3)  other investments determined by the Government.
1984, c. 8, s. 38.
38. The corporation shall make no investment except
(1)  a deposit in a savings and credit union governed by the Savings and Credit Unions Act (chapter C-4), in a bank governed by the Act respecting banks and banking (Statutes of Canada, 1980-81, chapter 40) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4) or in a registered institution within the meaning of the Deposit Insurance Act (chapter A-26);
(2)  an acquisition of bonds or other evidences of indebtedness issued by the Government;
(3)  other investments determined by the Government.
1984, c. 8, s. 38.
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