C.C.S.M. c. C301
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| PART I
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| INTERPRETATION AND APPLICATION
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| 1
| (1)
| Definitions
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| (2)
| Interpretation
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|
| (2.1)
| Exceptions
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|
| (3)
| Registered common-law relationship
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| 2
| (1)
| Purpose of credit unions generally
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|
| (2)
| Purpose of caisses populaires generally
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| 3
| (1)
| Application of Act
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|
| (2)
| Inconsistent provisions
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| 4
| (1)
| Objects of existing credit unions
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|
| (2)
| Powers of existing credit unions
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| PART II
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| CREDIT UNIONS INCORPORATION
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| 5
| (1)
| Incorporation of a credit union
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|
| (2)
| Model forms
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| 6
| (1)
| Articles of incorporation
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|
| (2)
| Additional provisions of articles
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|
| (3)
| Consent of first director
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|
| (4)
| By-laws
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| 7
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| Filing of articles
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| 8
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| Certificate of incorporation
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| 9
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| Effect of certificate
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| 10
| (1)
| Name of credit union
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|
| (2)
| Name of caisse populaire
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|
| (3)
| Name in any language form
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|
| (4)
| Publication of name
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|
| (5)
| Other business names
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|
| (6)
| Prohibited use of credit union designations
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| (7)
| Prohibited use of caisse populaire designation
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| (8)
| Exception
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|
| (9)
| Registrar may permit use of prohibited name
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| 11
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| Reservation of name
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| 12
| (1)
| Prohibited names
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|
| (2)
| Name not to be similar to business, etc.
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|
| (3)
| Undertaking not carried out
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|
| (4)
| Directing change of name
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|
| (5)
| Revoking a name
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| (6)
| Change of name
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| 13
| (1)
| Personal liability under pre-incorporation contracts
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|
| (2)
| Adoption of pre-incorporation contracts
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| (3)
| Application to court
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|
| (4)
| Exemption from personal liability
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| PART III
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| CAPACITY AND POWERS
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| 14
| (1)
| Capacity of a credit union
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|
| (2)
| Extra-territorial capacity
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| 15
| (1)
| Powers of a credit union
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|
| (2)
| Restricted business or powers
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|
| (3)
| Rights preserved
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| 16
| (1)
| No constructive notice
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|
| (2)
| Constructive notice of articles or by-laws
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| 17
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| Reliance by persons dealing with credit union
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| PART IV
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| REGISTERED OFFICE AND RECORDS
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| 18
| (1)
| Registered office
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|
| (2)
| Change of address
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|
| (3)
| Repealed
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|
| (4)
| Annexation or amalgamation of municipalities
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|
| (5)
| Branch offices
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| 19
| (1)
| Records
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| (2)
| Exception
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|
| (3)
| Rescind order
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| 20
| (1)
| Examination of records by members and creditors
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|
| (2)
| Members register
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|
| (3)
| Shareholders register
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| (4)
| Affidavit
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|
| (4.1)
| Refusing access to register
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|
| (4.2)
| Unauthorized access to register prohibited
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|
| (5)
| Offence and penalty
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|
| (6)
| Examining members register at a meeting
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|
| (7)
| Directors' right to examine records
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|
| (8)
| Registrar's right to examine records
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| 21
| (1)
| Form of records
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| (2)
| Precautions
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| 22
|
| Corporate seal
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| PART V
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| CAPITALIZATION AND OPERATING STANDARDS
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| 23
| (1)
| Common shares
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|
| (2)
| Number of common shares
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|
| (3)
| Common shares per member
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| 24
|
| Transitional
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| 25
| (1)
| Shares other than common shares
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|
| (2)
| Priority
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| (3)
| Restriction
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| 26
| (1)
| No share certificates
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| (2)
| Repealed
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| 27
| (1)
| Consideration
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|
| (2)
| Promissory note not consideration
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| 28
| (1)
| Patronage refund
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| (1.1)
| Member's share of patronage refund
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|
| (2)
| Computation of business done
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|
| (3)
| Members' and associates' rates
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| 29
| (1)
| Use of patronage refund or dividend to purchase surplus shares
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|
| (2) and (3)
| Repealed
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| 30
| (1)
| Redemption
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|
| (2)
| Restriction
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| 31
|
| Dividends on common or surplus shares
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| 32
| (1)
| Restriction
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|
| (2)
| Exception
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| 33
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| Limitation on holding of shares
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| 34
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| Repealed
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| 35
| (1)
| Non voting shares
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|
| (2)
| Class vote
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| 36
|
| Limit of liability
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| 37
|
| Remedy preserved
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| 38
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| Repealed
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| 39
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| Unclaimed balances
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| 40
| (1)
| Members right to withdraw deposits
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|
| (2)
| Notice of intention to withdraw shares or deposits
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|
| (3)
| Extension of notice period
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|
| (4)
| Exception
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| 40.1
| (1)
| Tied selling
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|
| (2)
| Package offerings
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| 41
| (1)
| Trust funds
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|
| (2)
| Non-application of trust moneys
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|
| (3)
| Payment on death
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| 42
| (1)
| Loan policies
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|
| (1.1)
| Loans
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|
| (2)
| Right to repay
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| 43
|
| Repealed
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| 44
| (1)
| Lien on deposits and shares
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|
| (2)
| Application of deposits and shares
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|
| (3)
| Default
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| 45
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| Restrictions on overdrafts
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| 46
| (1)
| Liquidity
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|
| (2)
| Liquidity investments
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|
| (3)
| Investments generally
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| 47
|
| Allowance for doubtful accounts
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| 48
| (1)
| Capital
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|
| (2)
| Repealed
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| 49
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| Matching
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| 50
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| Insurance
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| 51
| (1)
| Adjustments
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|
| (2)
| Registrar prohibiting deposits or payments
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| PART V.1
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| SECURITY ISSUES
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| 51.1
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| Application of Securities Act
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| 51.1.1
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| Application of sections 51.2 to 51.4
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| 51.2
| (1)
| Offering statement
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|
| (2)
| Material changes
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|
| (3)
| Revised offering statements — voluntary
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|
| (4)
| Revised offering statements — mandatory
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|
| (5)
| Shares must not be sold after material change
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| 51.3
| (1)
| Issue of receipts
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|
| (2)
| Ruling
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| 51.3.1
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| Exception from application of sections 51.2 and 51.3
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| 51.3.2
| (1)
| Registrar may stop issue or sale of shares
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|
| (2)
| Notice of order
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| (3)
| Opportunity to be heard
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| (4)
| Temporary order
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| 51.3.3
| (1)
| Obligation to provide offering statement
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|
| (2)
| Cancellation of sale
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| 51.4
| (1)
| Inspection of statement
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|
| (2)
| Extracts
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| PART V.2
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| SHARE CERTIFICATES, MEMBERSHIPS AND TRANSFERS
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| 51.5
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| Personal estate
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| 51.6
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| Allotment of shares
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| 51.7
| (1)
| Share certificates
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|
| (2)
| Signatures
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| (3)
| Certificates as evidence of title
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| (4)
| Particulars of issue on share certificate
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|
| (5)
| Furnishing text of particulars
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| (6)
| Waiver of share certificate
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| 51.8
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| Transfers of shares or memberships
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| 51.9
| (1)
| Dealings with registered holder
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| (2)
| Constructive registered holder
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| (3)
| Permissible registered holder
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|
| (4)
| Immunity of credit union
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| (5)
| Infants
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| (6)
| Joint holders
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| (7)
| Transmission of securities
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| (8)
| Excepted transmissions
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| (9)
| Right of credit union
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| PART VI
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| MEMBERSHIP
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| 52
| (1)
| Members
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|
| (2)
| Refusal of membership application
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|
| (3)
| Persons under 18
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| (4)
| Restriction
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| 53
| (1)
| Common bond
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|
| (2)
| Leaving bond of association
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| 54
| (1)
| Associates
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|
| (2)
| Number of associates
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| (3)
| Restriction
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| (4)
| Rights of associate
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| 55
| (1)
| Termination of membership
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|
| (2)
| Notice to member
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| (3)
| Notice of termination
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| (4)
| Appeal to meeting of members
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|
| (4.1)
| No right of appeal under subsection (4)
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|
| (5)
| Decision of meeting
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| (6)
| Termination by meeting of members
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| (7) and (8)
| Repealed
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|
| (9)
| Membership continues
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|
| (10)
| Re-admittance
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| (11)
| Non application
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| (12)
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| 55.1
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| Suspension of services to member
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| 56
| (1)
| Withdrawal
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|
| (2)
| Terms on withdrawal or termination
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| 57
|
| Remedy preserved
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| 58
| (1)
| Power to enact by-laws
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|
| (2)
| Enactment
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|
| (3)
| Repealed
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|
| (4)
| Effective date of by-laws
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|
| (4.1)
| Copy of by-laws to Registrar
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|
| (5)
| Registrar's order re by-law
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|
| (6)
| Repealed
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| 59
|
| Members bound by articles and by-laws
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| 60
|
| Place of meetings
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| 61
|
| Calling meetings
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| 62
|
| Record date
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| 63
| (1)
| Notice of meeting
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|
| (2)
| Adjournment
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|
| (3)
| Notice of adjourned meeting
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|
| (4)
| Business
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|
| (5)
| Notice of business
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| 64
|
| Waiver of notice
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| 65
| (1)
| Member proposal
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|
| (2)
| Notice of proposal
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|
| (3)
| Supporting statement
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|
| (4)
| Nominations for directors
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|
| (5)
| Non-compliance
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|
| (6)
| Immunity
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|
| (7)
| Notice of refusal
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|
| (8)
| Member application to court
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|
| (9)
| Credit union application to court
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|
| (10)
| Registrar entitled to notice
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| 66
| (1)
| Quorum
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|
| (2)
| Opening quorum sufficient
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|
| (3)
| Adjournment
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|
| (4)
| Non application
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| 67
| (1)
| Voting eligibility
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|
| (2)
| One member one vote
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| 68
| (1)
| Representatives of corporations
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|
| (2)
| Powers of representative
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| 69
| (1)
| Proxy
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|
| (2)
| Limitations on proxies and representation
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|
| (3)
| Non application
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| 70
|
| Joint membership
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| 71
| (1)
| Voting generally
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|
| (2)
| Voting on fundamental changes
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| 72
|
| Executors and administrators
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| 73
| (1)
| Method of voting
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|
| (2)
| Time for demanding ballot
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| 74
| (1)
| Members calling meetings
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|
| (2)
| Form of requisition
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|
| (3)
| Directors calling meeting
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|
| (4)
| Member calling meeting
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|
| (5)
| Procedure
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|
| (6)
| Reimbursement
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| 75
| (1)
| Meeting called by Registrar
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|
| (2)
| Varying quorum
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| PART VII
|
| DIRECTORS AND OFFICERS
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| 76
| (1)
| Power to manage
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|
| (2)
| Number of directors
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| 77
| (1)
| Persons who may be directors
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|
| (2)
| Persons who may not be directors
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|
| (3)
| Three-quarters of directors must reside in Manitoba
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|
| (4)
| Election or appointment of more non-resident directors void
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|
| (5)
| Vacancy resulting in more non-resident directors
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| 78
| (1)
| Terms of office of first directors
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|
| (2)
| Election of directors
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|
| (3)
| Election of district directors
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|
| (4)
| Staggered terms
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|
| (5)
| No stated terms
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|
| (6)
| Incumbent directors
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| 79
| (1)
| Ceasing to hold office
|
|
| (2)
| Effective date of resignation
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| 80
| (1)
| Removal of directors
|
|
| (2)
| Vacancy
|
| 81
| (1)
| Statement of director
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|
| (2)
| Circulating statement
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|
| (3)
| Immunity
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| 82
| (1)
| Filling vacancy
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|
| (2)
| Quorum may exercise powers
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|
| (3)
| Calling meeting
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|
| (4)
| Members filling vacancy
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|
| (5)
| Ratification
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| 83
| (1)
| Notice of change of directors
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|
| (2)
| Application to court
|
|
| (3)
| Effect of notice
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| 84
| (1)
| Meeting of directors
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|
| (2)
| Quorum
|
|
| (3)
| Notice of meeting
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|
| (4)
| Waiver of notice
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|
| (5)
| Adjournment
|
|
| (6)
| Participation by telephone
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| 85
| (1)
| Delegation
|
|
| (2)
| Authority of directors
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| 86
|
| Validity of act of directors and officers
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| 87
| (1)
| Resolution in lieu of meeting
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|
| (2)
| Filing resolution
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| 88
| (1)
| Liability of directors
|
|
| (2)
| Directors' and officers' liability for loans or advances
|
|
| (2.1)
| Directors' and officers' liability for loans acquired
|
|
| (3)
| Contribution
|
|
| (4)
| Recovery
|
|
| (5)
| Limitations
|
| 89
|
| Application of The Employment Standards Code
|
| 90
|
| Duty of directors to report
|
| 91
| (1)
| Definition
|
|
| (2)
| Interest in contracts of relatives
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|
| (3)
| Interest in contracts of others
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|
| (4)
| Officer defined
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|
| (5)
| Exceptions
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|
| (6)
| Disclosure
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|
| (7)
| Time of disclosure for director or officer
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|
| (8)
| Continuing disclosure
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|
| (9)
| Avoidance standards
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|
| (10)
| Approval by members
|
|
| (11)
| Application to court
|
|
| (12)
| Offence of failing to disclose
|
|
| (13)
| Director or officer ceases to hold office on conviction
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| 92
|
| Officers
|
| 93
|
| Remuneration
|
| 94
| (1)
| Duty of care of directors and officers
|
|
| (2)
| Duty to comply
|
|
| (3)
| No exculpation
|
|
| (4)
| Interpretation
|
| 95
| (1)
| Dissent
|
|
| (2)
| Loss of right to dissent
|
|
| (3)
| Dissent of absent director
|
|
| (4)
| Reliance of statements
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| 96
| (1)
| Indemnification
|
|
| (2)
| Right to indemnity
|
|
| (3)
| Insurance for directors and officers
|
|
| (4)
| Application to court
|
|
| (5)
| Notice to Registrar
|
|
| (6)
| Other notice
|
| PART VIII
|
| RETURNS AND FINANCIAL DISCLOSURE
|
| 97
| (1)
| Annual return
|
|
| (2)
| Repealed
|
|
| (3)
| Other returns
|
|
| (4)
| Fees
|
| 98
| (1)
| Annual financial statements
|
|
| (1.1)
| Availability of financial statements
|
|
| (2)
| Directors' and officers' disclosure
|
| 99
|
| Condition precedent to issue
|
| 100
|
| Request for documents
|
| 101
| (1)
| Submission to Registrar and guarantee corporation
|
|
| (2)
| Submission to guarantee corporation
|
| 102
| (1)
| Appointment of auditor
|
|
| (2)
| Annual audit
|
|
| (3)
| Disqualification of auditor
|
|
| (4)
| Independence
|
|
| (5)
| Duty to resign
|
|
| (6)
| Disqualification order
|
|
| (7)
| Exemption order
|
| 103
| (1)
| Ceasing to hold office
|
|
| (2)
| Effective date of resignation
|
| 104
| (1)
| Removal of auditor
|
|
| (2)
| Notice of meeting
|
| 105
| (1)
| Filling vacancy
|
|
| (2)
| Calling meeting
|
|
| (3)
| Members filling vacancy
|
|
| (4)
| Unexpired term
|
| 106
|
| Court appointed auditor
|
| 107
| (1)
| Right to attend meeting
|
|
| (2)
| Duty to attend meeting
|
|
| (3)
| Notice to credit union
|
|
| (4)
| Offence
|
| 108
| (1)
| Statement of auditor
|
|
| (2)
| Circulating statement
|
|
| (3)
| Replacing auditor
|
|
| (4)
| Exception
|
|
| (5)
| Effect of non-compliance
|
| 109
| (1)
| Report to guarantee corporation
|
|
| (2)
| Scope of audit
|
| 110
| (1)
| Right to information
|
|
| (2)
| Information from subsidiaries
|
| 111
| (1)
| Audit committee
|
|
| (2)
| Repealed
|
|
| (3)
| Duties of audit committee
|
|
| (4)
| Calling meeting
|
|
| (5)
| Notice of errors
|
|
| (6)
| Error in financial statements
|
|
| (7)
| Duty of directors
|
|
| (8)
| Repealed
|
| 112
| (1)
| Duty of auditor to manager and directors
|
|
| (2)
| Procedure
|
| 113
|
| Qualified privilege
|
| PART IX
|
| FUNDAMENTAL CHANGES
|
| 114
| (1)
| Amendment of Articles
|
|
| (1.1)
| Amending credit union's articles to become a caisse populaire
|
|
| (2)
| Clerical errors
|
|
| (3)
| Filing articles of amendment
|
|
| (4)
| Revocation of amending resolution
|
| 115
|
| Articles sent to Registrar
|
| 116
| (1)
| Certificate of amendment
|
|
| (2)
| Credit union becoming a caisse populaire
|
| 117
| (1)
| Effect of certificate
|
|
| (2)
| Existing rights preserved
|
| 118
| (1)
| Restated articles
|
|
| (2)
| Repealed
|
|
| (3)
| Restated certificate
|
|
| (4)
| Effect of certificate
|
| 119
| (1)
| Amalgamation
|
|
| (1.1)
| When the amalgamated entity is a caisse populaire
|
|
| (2)
| Consent of supervisor
|
| 120
|
| Amalgamation agreement
|
| 121
| (1)
| Member approval of amalgamation agreement
|
|
| (2)
| Notice of meeting
|
|
| (3)
| Adoption of agreement
|
|
| (4)
| Termination of agreement
|
|
| (5)
| Exception from requirement for members' approval
|
| 122
| (1)
| Articles of amalgamation
|
|
| (2)
| Attached declarations
|
|
| (3)
| Exemption from declaration
|
|
| (4)
| Adequate notice to creditors
|
| 123
|
| Compulsory amalgamation
|
| 124
| (1)
| Certificate of amalgamation
|
|
| (1.1)
| When the amalgamated entity is a caisse populaire
|
|
| (2)
| Effect of certificate of amalgamation
|
| 124.1
| (1)
| Application of this section
|
|
| (2)
| Amalgamation of caisse populaire and Fédération
|
|
| (3)
| Conditions by the Registrar
|
|
| (4)
| Articles of amalgamation
|
|
| (5)
| Statutory declarations
|
|
| (6)
| Certificate of amalgamation
|
|
| (7)
| Additional information
|
|
| (8)
| Effect of certificate of amalgamation
|
|
| (9)
| Repeal
|
| 125
| (1)
| Extraordinary sale, lease or exchange
|
|
| (2)
| Notice of meeting
|
|
| (3)
| Terms and conditions of sale, lease or exchange
|
|
| (4)
| Approval of sale, lease or exchange
|
|
| (5)
| Termination
|
| 126
| (1)
| Approval of Registrar
|
|
| (2)
| Declaration
|
|
| (3)
| Adequate notice to creditors
|
|
| (4)
| Repealed
|
| 127
| (1)
| Right to dissent
|
|
| (2)
| Objection in writing
|
|
| (2.1)
| Objection to Registrar when subsection 121(5) applies
|
|
| (3)
| Notice to members and Registrar
|
|
| (3.1)
| Application of subsections (3.2) and (3.3)
|
|
| (3.2)
| Notice to non-member shareholders
|
|
| (3.3)
| Registrar may require notice to be sent
|
|
| (3.4)
| Shareholder's right to dissent
|
|
| (4)
| Approval of Registrar
|
|
| (5)
| Conditions
|
| 128
| (1)
| "Reorganization" defined
|
|
| (2)
| Power of court
|
|
| (3)
| Further powers
|
|
| (4)
| Articles of reorganization
|
|
| (5)
| Certificate of amendment
|
|
| (6)
| Effect of certificate of amendment
|
|
| (7)
| No dissent
|
| 128.1
| (1)
| Continuance under this Act
|
|
| (2)
| Amending articles as part of continuance
|
|
| (3)
| Articles of continuance and by-laws must be filed
|
|
| (4)
| Issuing certificate of continuance
|
|
| (5)
| Effect of certificate of continuance
|
|
| (6)
| Notifying body's former jurisdiction
|
|
| (7)
| Some effects of continuance
|
| 128.2
| (1)
| Some effects of continuance on shares and shareholders
|
|
| (2)
| Issued shares
|
|
| (3)
| Conversion privilege
|
| 128.3
| (1)
| Continuance under other provincial Acts
|
|
| (2)
| Section 128.4 applies to continuance under another Act
|
| 128.4
| (1)
| Continuance in another jurisdiction
|
|
| (2)
| Notifying members
|
|
| (3)
| Waiver of notice
|
|
| (4)
| Approving continuance by special resolution
|
|
| (5)
| Abandoning continuance
|
|
| (6)
| Notice to non-member depositors
|
|
| (7)
| Certificate of discontinuance
|
|
| (8)
| Notice of continuance deemed to be articles
|
|
| (9)
| Act ceases to apply when certificate issued
|
|
| (10)
| Date of certificate
|
|
| (11)
| Restrictions on continuance outside Manitoba
|
| 129
|
| Extra-provincial credit unions in Manitoba
|
| 130
|
| Extra-provincial Registration
|
| PART X
|
| DISSOLUTION, LIQUIDATION AND REVIVAL
|
| 131
| (1)
| Dissolution before commencing business
|
|
| (2)
| Dissolution if no property
|
|
| (3)
| Dissolution where property disposed of
|
|
| (4)
| Shareholders not entitled to vote
|
|
| (5)
| Procedure
|
| 132
| (1)
| Proposing liquidation and dissolution
|
|
| (2)
| Notice of meeting
|
|
| (3)
| Members resolution
|
|
| (4)
| Shareholders not entitled to vote
|
|
| (5)
| Statement of intent to dissolve
|
|
| (6)
| Certificate of intent to dissolve
|
|
| (7)
| Effect of certificate
|
|
| (8)
| Liquidation
|
|
| (9)
| Revocation
|
|
| (10)
| Certificate of revocation of intent to dissolve
|
|
| (11)
| Effect of certificate
|
|
| (12)
| Repealed
|
| 133
| (1)
| Articles of dissolution
|
|
| (2)
| Certificate of dissolution
|
|
| (3)
| Effect of certificate
|
| 134
| (1)
| Dissolution by Registrar
|
|
| (2)
| Publication
|
|
| (3)
| Credit union not in operation
|
|
| (4)
| Certificate of dissolution
|
| 135
| (1)
| Application to court to liquidate or dissolve
|
|
| (2)
| Court order
|
|
| (3)
| Certificate
|
| 136
|
| Custody of records
|
| 137
| (1)
| "Member" defined
|
|
| (2)
| Continuation of actions
|
|
| (3)
| Service
|
|
| (4)
| Reimbursement
|
|
| (5)
| Representative action
|
| 138
| (1)
| Unknown claimants
|
|
| (2)
| Constructive satisfaction
|
|
| (3)
| Recovery
|
|
| (4)
| Execution of documents after dissolution
|
|
| (5)
| Validity
|
|
| (6)
| Vesting in guarantee corporation
|
| 139
| (1)
| Revival by the Registrar
|
|
| (2)
| Revival by court
|
| 140
| (1)
| Certificate of revival
|
|
| (2)
| Rights preserved
|
| 141
|
| Return of property on revival
|
| PART XI
|
| THE GUARANTEE CORPORATION
|
| 142
|
| Guarantee corporation continued
|
| 143
| (1)
| Purposes of the guarantee corporation generally
|
|
| (2)
| Enabling satisfaction of withdrawals
|
| 144
|
| Powers
|
| 144.1
|
| Providing service in French to caisses populaires and their members
|
| 145
|
| Board of the guarantee corporation
|
| 145.1
|
| Remuneration
|
| 146
|
| Repealed
|
| 147
| (1)
| Who may be a member of the board
|
|
| (2)
| Who may not be a member of the board
|
| 148
|
| Term of office
|
| 149
|
| Vacancies
|
| 150
|
| Ceasing to hold office
|
| 151
|
| Power to manage
|
| 152
|
| Quorum
|
| 153
|
| By-laws
|
| 154
|
| Records
|
| 155
|
| Fiscal year
|
| 155.1
| (1)
| Annual financial statements
|
|
| (2)
| Financial statements must include auditor's report
|
| 155.2
|
| Disclosure of directors' remuneration and expenses
|
| 156
|
| Auditor must be approved by the Registrar
|
| 157
| (1)
| Application of other provisions
|
|
| (2)
| Interpretation of references to section 98
|
| 158
|
| Guarantee of deposits
|
| 159
|
| Repealed
|
| 160
| (1)
| Amount of levies
|
|
| (2)
| Notice of levy
|
|
| (3)
| Extension of time
|
|
| (4)
| Special assessment
|
|
| (5)
| Only one assessment per year
|
|
| (6)
| Time for payment of assessment
|
| 161
| (1)
| Reduction of levy
|
|
| (2)
| Repealed
|
|
| (3)
| Continuation of levies
|
|
| (4)
| Restriction on reductions and refunds
|
| 162
| (1)
| Annual report to Registrar and credit unions
|
|
| (1.1)
| Information to be included in report
|
|
| (2)
| Further report to Registrar
|
| 163
|
| Advertising
|
| 163.1
|
|
|
| 163.2
| (1)
| Amalgamation
|
|
| (2)
| Amalgamation agreement required
|
|
| (3)
| Documents to be sent to the Registrar
|
|
| (4)
| Statutory declaration
|
|
| (5)
| Certificate of amalgamation
|
|
| (6)
| Effect of certificate of amalgamation
|
|
| (7)
| Revocation of appointments of former directors
|
|
| (8)
| Repeal
|
| PART XII
|
| THE CENTRALS
|
| 164
| (1)
| Application
|
|
| (2)
| Application to continue
|
|
| (3)
| Effect of certificate
|
| 164.1
|
| CUCM continued as a body corporate
|
| 165
|
| Purposes of the central
|
| 166
| (1)
| Capacity of the central
|
|
| (2)
| Extra-territorial capacity
|
| 167
| (1)
| Powers of the central
|
|
| (2)
| Restricted business or powers
|
|
| (3)
| Rights preserved
|
| 168
|
| Registered office and records
|
| 169
| (1)
| Common shares
|
|
| (2)
| Shares per member and associate member
|
| 170
|
| Shares other than common shares
|
| 171
|
| Share certificates
|
| 172
|
| Patronage refunds
|
| 173
|
| Use of patronage refunds
|
| 174
|
| Redemption of shares and payment of dividends
|
| 175
|
| Securities
|
| 176
|
| Voting rights
|
| 177
|
| Financial matters
|
| 177.1
|
| Capital of central
|
| 178
| (1)
| Membership in the central
|
|
| (2)
| Effect of continuance of central
|
| 179
| (1)
| Associate members
|
|
| (2)
| Rights and privileges of associate members
|
| 180
| (1)
| Establishment of delegate system
|
|
| (2)
| Scope of powers
|
|
| (3)
| Voting by delegates
|
| 181
|
| Limit of Liability
|
| 182
| (1)
| Power to make by-laws
|
|
| (2)
| Enactment
|
|
| (3)
| Effective date of charter by-laws
|
|
| (4)
| Effective date of ordinary by-laws
|
|
| (5)
| Preclearance of charter by-laws
|
|
| (6)
| Failure to file on a timely basis
|
| 183
|
| Registrar's approval
|
| 184
|
| Charter by-laws
|
| 185
|
| Members bound by charter by-laws
|
| 186
| (1)
| Number of directors
|
|
| (2)
| Power to manage
|
| 187
| (1)
| Who may be a director
|
|
| (2)
| Who may not be a director
|
| 188
| (1)
| Application of other Parts of the Act
|
|
| (2)
| Non-application of clause 91(3)(f) in some cases
|
| 189
|
| Information to guarantee corporation
|
| 190
| (1)
| System credit committee
|
|
| (2)
| Effect of continuance of central
|
| 190.1
| (1)
| Continuance in another jurisdiction
|
|
| (2)
| Notifying members
|
|
| (3)
| Application of section 64
|
|
| (4)
| Approving continuance by special resolution
|
|
| (5)
| Abandoning continuance
|
|
| (6)
| Notice to non-member depositors
|
|
| (7)
| Certificate of discontinuance
|
|
| (8)
| Notice of continuance deemed to be articles
|
|
| (9)
| Act ceases to apply when certificate issued
|
|
| (10)
| Date of certificate
|
|
| (11)
| Restrictions on continuance outside Manitoba
|
| PART XIII
|
| REMEDIES, OFFENCES AND PENALTIES
|
| 191
|
| Definitions
|
| 192
| (1)
| Commencing derivative action
|
|
| (2)
| Notice to Registrar
|
|
| (3)
| Conditions precedent
|
| 193
|
| Powers of court
|
| 194
| (1)
| Application to court by complainant
|
|
| (2)
| Grounds
|
|
| (3)
| Powers of the court
|
|
| (3.1)
| Application of sections 212 to 217 to supervision order
|
|
| (4)
| Duty of directors
|
|
| (5)
| Exclusion
|
| 195
| (1)
| Evidence of member approval not decisive
|
|
| (2)
| Court approval to discontinue
|
|
| (3)
| No security for costs
|
|
| (4)
| Interim costs
|
| 196
| (1)
| Application to court to rectify records
|
|
| (2)
| Powers of court
|
| 197 and 198
|
| Repealed
|
| 199
|
| Compliance or restraining order
|
| 200
|
| Application for directions
|
| 201
|
| Appeal to court of Registrar's decision
|
| 202
|
| Questions of law or fact
|
| 203
|
| Review by Registrar
|
| 204
| (1)
| Submitting information to Registrar
|
|
| (2)
| Power of commissioner to Registrar
|
| 205
|
| False or inaccurate reports
|
| 206
|
| Offence and penalty
|
| 206.1
|
| Directors and officers
|
| 207
| (1)
| Order to comply
|
|
| (2)
| Time limited for proceedings
|
|
| (3)
| Civil remedy not affected
|
| 208
|
| Suit at instance of Registrar or guarantee corporation
|
| PART XIV
|
| SUPERVISION
|
| 209
|
| Supervision of credit union
|
| 210
|
| Supervision of central
|
| 211
|
| Repealed
|
| 212
|
| Supervisor of central
|
| 213
|
| Term of supervision
|
| 214
| (1)
| Powers of supervisor
|
|
| (2)
| Powers of supervisor on liquidation
|
|
| (3)
| Duty of supervisor to creditors on liquidation
|
| 215
|
| Court direction
|
| 216
|
| Accounting to Registrar
|
| 217
|
| Discharge
|
| 218
| (1)
| Temporary supervision
|
|
| (2)
| Report to Registrar
|
|
| (3)
| Powers
|
|
| (4)
| Action by Registrar
|
| PART XV
|
| GENERAL
|
| 219
| (1)
| Notice to directors and members
|
|
| (2)
| Deemed receipt
|
|
| (3)
| Undelivered notices
|
|
| (4)
| Published notices
|
|
| (5)
| Posted notices
|
| 220
|
| Notice to and service upon a credit union
|
| 221
|
| Waiver of notice
|
| 222
| (1)
| Certificate of Registrar
|
|
| (2)
| Evidence
|
| 223
| (1)
| Certificate of credit union or central
|
|
| (2)
| Proof
|
|
| (3)
| Security certificate
|
| 224
|
| Copies
|
| 225
| (1)
| Proof required by Registrar
|
|
| (2)
| Form of proof
|
|
| (3)
| Authentication
|
| 226
| (1)
| Appointment of Registrar
|
|
| (2)
| Duties
|
| 227
| (1)
| Regulations
|
|
| (2)
| Repealed
|
|
| (3)
| Fees not fixed in regulations
|
|
| (4)
| Application of regulations
|
| 228
| (1)
| "Statement" defined
|
|
| (2)
| Filings
|
|
| (3)
| Effective date
|
|
| (4)
| Certificates, searches, etc.
|
| 228.1
|
| Form and content of documents
|
| 229
|
| Alteration
|
| 230
| (1)
| Corrections
|
|
| (2)
| Date of corrected certificate
|
|
| (3)
| Notices
|
| 231
| (1)
| Inspection
|
|
| (2)
| Copies
|
| 232
| (1)
| Form of records of Registrar
|
|
| (2)
| Obligation to furnish
|
|
| (3)
| Production of records limitation
|
| 233
| (1)
| Continuation of former incorporations, etc.
|
|
| (2)
| Saving clause re by-laws, etc.
|
|
| (3)
| Repealed
|
|
| (4)
| Two years to comply
|
|
| (5)
| Amendments
|
|
| (6)
| Reference to Act
|
| 234
|
| Reference in Continuing Consolidation
|
| 235
|
| Repeal of former Act
|
| 236
|
| Repeal of CCSM
|
| 237
|
| Repeal of Fédération
|
| 238
|
| Commencement of Act
|
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