C-4 - Savings and Credit Unions Act

Full text
77. A union may carry on with any person such transactions as are useful to ensure its proper functioning and the achievement of its objects.
All its productive or gainful activities being essentially cooperative shall be restricted exclusively to members.
Such cooperative activities shall not be deemed to constitute the carrying on of trade, a financial establishment or means of earning a profit.
R. S. 1964, c. 293, s. 76.