C-4.1 - Savings and Credit Unions Act

Full text
459. A confederation may, when adopting by-laws or standards or making decisions by way of resolutions affecting the federations affiliated with it or the credit unions affiliated with such federations, establish classes of credit unions, federations or operations, and prescribe terms and conditions applicable to each class.
Such by-laws and standards may in addition determine, according to the provisions contained therein, the measures that may be taken or the consequences that may result from failure to apply them.
1988, c. 64, s. 459; 1996, c. 69, s. 152.
459. A confederation may, when adopting by-laws or making decisions by way of resolutions affecting the federations affiliated with it or the credit unions affiliated with such federations, establish classes of credit unions, federations or operations, and prescribe standards appropriate to each class.
1988, c. 64, s. 459.