C-4 - Savings and Credit Unions Act

Full text
140. However, in the exercise of the powers assigned to it by sections 138 and 139, no federation shall
(a)  invest more than thirty per cent of its assets in shares;
(b)  invest in shares an amount equal to more than three per cent of the total assets of the unions affiliated with it;
(c)  hold more than thirty per cent of the common shares of the same corporation, except a corporation contemplated in section 138;
(d)  invest more than ten per cent of its assets in the common shares of the same corporation contemplated in section 138;
(e)  invest more than three per cent of its assets in the common shares of the same corporation other than a corporation contemplated in section 138.
1970, c. 59, s. 44.