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C.C.S.M. c. C301
The Credit Unions and Caisses Populaires Act
| PART I | ||
| INTERPRETATION AND APPLICATION | ||
| 1 | (1) | Definitions |
| (2) | Interpretation | |
| (3) | Registered common-law relationship | |
| 2 | (1) | Purpose of credit unions generally |
| (2) | Purpose of caisses populaires generally | |
| 3 | (1) | Application of Act |
| (2) | Inconsistent provisions | |
| 4 | (1) | Objects of existing credit unions |
| (2) | Powers of existing credit unions | |
| PART II | ||
| CREDIT UNIONS INCORPORATION | ||
| 5 | (1) | Incorporation of a credit union |
| (2) | Model forms | |
| 6 | (1) | Articles of incorporation |
| (2) | Additional provisions of articles | |
| (3) | Consent of first director | |
| (4) | By-laws | |
| 7 | Filing of articles | |
| 8 | Certificate of incorporation | |
| 9 | Effect of certificate | |
| 10 | (1) | Name of credit union |
| (2) | Name of caisse populaire | |
| (3) | Name in any language form | |
| (4) | Publication of name | |
| (5) | Other business names | |
| (6) | Prohibited use of credit union designations | |
| (7) | Prohibited use of caisse populaire designation | |
| (8) | Exception | |
| (9) | Registrar may permit use of prohibited name | |
| 11 | Reservation of name | |
| 12 | (1) | Prohibited names |
| (2) | Name not to be similar to business, etc. | |
| (3) | Undertaking not carried out | |
| (4) | Directing change of name | |
| (5) | Revoking a name | |
| (6) | Change of name | |
| 13 | (1) | Personal liability under pre-incorporation contracts |
| (2) | Adoption of pre-incorporation contracts | |
| (3) | Application to court | |
| (4) | Exemption from personal liability | |
| PART III | ||
| CAPACITY AND POWERS | ||
| 14 | (1) | Capacity of a credit union |
| (2) | Extra-territorial capacity | |
| 15 | (1) | Powers of a credit union |
| (2) | Restricted business or powers | |
| (3) | Rights preserved | |
| 16 | (1) | No constructive notice |
| (2) | Constructive notice of articles or by-laws | |
| 17 | Reliance by persons dealing with credit union | |
| PART IV | ||
| REGISTERED OFFICE AND RECORDS | ||
| 18 | (1) | Registered office |
| (2) | Change of address | |
| (3) | Repealed | |
| (4) | Annexation or amalgamation of municipalities | |
| (5) | Branch offices | |
| 19 | (1) | Records |
| (2) | Exception | |
| (3) | Rescind order | |
| 20 | (1) | Examination of records by members and creditors |
| (2) | Members register | |
| (3) | Shareholders register | |
| (4) | Affidavit | |
| (4.1) | Refusing access to register | |
| (4.2) | Unauthorized access to register prohibited | |
| (5) | Offence and penalty | |
| (6) | Examining members register at a meeting | |
| (7) | Directors' right to examine records | |
| (8) | Registrar's right to examine records | |
| 21 | (1) | Form of records |
| (2) | Precautions | |
| 22 | Corporate seal | |
| PART V | ||
| CAPITALIZATION AND OPERATING STANDARDS | ||
| 23 | (1) | Common shares |
| (2) | Number of common shares | |
| (3) | Common shares per member | |
| 24 | Transitional | |
| 25 | (1) | Shares other than common shares |
| (2) | Priority | |
| (3) | Restriction | |
| 26 | (1) | No share certificates |
| (2) | Repealed | |
| 27 | (1) | Consideration |
| (2) | Promissory note not consideration | |
| 28 | (1) | Patronage refund |
| (1.1) | Member's share of patronage refund | |
| (2) | Computation of business done | |
| (3) | Members' and associates' rates | |
| 29 | (1) | Use of patronage refund or dividend to purchase surplus shares |
| (2) and (3) | Repealed | |
| 30 | (1) | Redemption |
| (2) | Restriction | |
| 31 | Dividends on common or surplus shares | |
| 32 | (1) | Restriction |
| (2) | Exception | |
| 33 | Limitation on holding of shares | |
| 34 | Repealed | |
| 35 | (1) | Non voting shares |
| (2) | Class vote | |
| 36 | Limit of liability | |
| 37 | Remedy preserved | |
| 38 | Repealed | |
| 39 | Unclaimed balances | |
| 40 | (1) | Members right to withdraw deposits |
| (2) | Notice of intention to withdraw shares or deposits | |
| (3) | Extension of notice period | |
| (4) | Exception | |
| 40.1 | (1) | Tied selling |
| (2) | Package offerings | |
| 41 | (1) | Trust funds |
| (2) | Non-application of trust moneys | |
| (3) | Payment on death | |
| 42 | (1) | Loan policies |
| (1.1) | Loans | |
| (2) | Right to repay | |
| 43 | Repealed | |
| 44 | (1) | Lien on deposits and shares |
| (2) | Application of deposits and shares | |
| (3) | Default | |
| 45 | Restrictions on overdrafts | |
| 46 | (1) | Liquidity |
| (2) | Liquidity investments | |
| (3) | Investments generally | |
| 47 | Allowance for doubtful accounts | |
| 48 | (1) | Capital |
| (2) | Repealed | |
| 49 | Matching | |
| 50 | Insurance | |
| 51 | (1) | Adjustments |
| (2) | Registrar prohibiting deposits or payments | |
| PART V.1 | ||
| SECURITY ISSUES | ||
| 51.1 | Application of Securities Act | |
| 51.1.1 | Application of sections 51.2 to 51.4 | |
| 51.2 | (1) | Offering statement |
| (2) | Material changes | |
| (3) | Revised offering statements — voluntary | |
| (4) | Revised offering statements — mandatory | |
| (5) | Shares must not be sold after material change | |
| 51.3 | (1) | Issue of receipts |
| (2) | Ruling | |
| 51.3.1 | Exception from application of sections 51.2 and 51.3 | |
| 51.3.2 | (1) | Registrar may stop issue or sale of shares |
| (2) | Notice of order | |
| (3) | Opportunity to be heard | |
| (4) | Temporary order | |
| 51.3.3 | (1) | Obligation to provide offering statement |
| (2) | Cancellation of sale | |
| 51.4 | (1) | Inspection of statement |
| (2) | Extracts | |
| PART V.2 | ||
| SHARE CERTIFICATES, MEMBERSHIPS AND TRANSFERS | ||
| 51.5 | Personal estate | |
| 51.6 | Allotment of shares | |
| 51.7 | (1) | Share certificates |
| (2) | Signatures | |
| (3) | Certificates as evidence of title | |
| (4) | Particulars of issue on share certificate | |
| (5) | Furnishing text of particulars | |
| (6) | Waiver of share certificate | |
| 51.8 | Transfers of shares or memberships | |
| 51.9 | (1) | Dealings with registered holder |
| (2) | Constructive registered holder | |
| (3) | Permissible registered holder | |
| (4) | Immunity of credit union | |
| (5) | Infants | |
| (6) | Joint holders | |
| (7) | Transmission of securities | |
| (8) | Excepted transmissions | |
| (9) | Right of credit union | |
| PART VI | ||
| MEMBERSHIP | ||
| 52 | (1) | Members |
| (2) | Refusal of membership application | |
| (3) | Persons under 18 | |
| (4) | Restriction | |
| 53 | (1) | Common bond |
| (2) | Leaving bond of association | |
| 54 | (1) | Associates |
| (2) | Number of associates | |
| (3) | Restriction | |
| (4) | Rights of associate | |
| 55 | (1) | Termination of membership |
| (2) | Notice to member | |
| (3) | Notice of termination | |
| (4) | Appeal to meeting of members | |
| (4.1) | No right of appeal under subsection (4) | |
| (5) | Decision of meeting | |
| (6) | Termination by meeting of members | |
| (7) and (8) | Repealed | |
| (9) | Membership continues | |
| (10) | Re-admittance | |
| (11) | Non application | |
| (12) | ||
| 55.1 | Suspension of services to member | |
| 56 | (1) | Withdrawal |
| (2) | Terms on withdrawal or termination | |
| 57 | Remedy preserved | |
| 58 | (1) | Power to enact by-laws |
| (2) | Enactment | |
| (3) | Repealed | |
| (4) | Effective date of by-laws | |
| (4.1) | Copy of by-laws to Registrar | |
| (5) | Registrar's order re by-law | |
| (6) | Repealed | |
| 59 | Members bound by articles and by-laws | |
| 60 | Place of meetings | |
| 61 | Calling meetings | |
| 62 | Record date | |
| 63 | (1) | Notice of meeting |
| (2) | Adjournment | |
| (3) | Notice of adjourned meeting | |
| (4) | Business | |
| (5) | Notice of business | |
| 64 | Waiver of notice | |
| 65 | (1) | Member proposal |
| (2) | Notice of proposal | |
| (3) | Supporting statement | |
| (4) | Nominations for directors | |
| (5) | Non-compliance | |
| (6) | Immunity | |
| (7) | Notice of refusal | |
| (8) | Member application to court | |
| (9) | Credit union application to court | |
| (10) | Registrar entitled to notice | |
| 66 | (1) | Quorum |
| (2) | Opening quorum sufficient | |
| (3) | Adjournment | |
| (4) | Non application | |
| 67 | (1) | Voting eligibility |
| (2) | One member one vote | |
| 68 | (1) | Representatives of corporations |
| (2) | Powers of representative | |
| 69 | (1) | Proxy |
| (2) | Limitations on proxies and representation | |
| (3) | Non application | |
| 70 | Joint membership | |
| 71 | (1) | Voting generally |
| (2) | Voting on fundamental changes | |
| 72 | Executors and administrators | |
| 73 | (1) | Method of voting |
| (2) | Time for demanding ballot | |
| 74 | (1) | Members calling meetings |
| (2) | Form of requisition | |
| (3) | Directors calling meeting | |
| (4) | Member calling meeting | |
| (5) | Procedure | |
| (6) | Reimbursement | |
| 75 | (1) | Meeting called by Registrar |
| (2) | Varying quorum | |
| PART VII | ||
| DIRECTORS AND OFFICERS | ||
| 76 | (1) | Power to manage |
| (2) | Number of directors | |
| 77 | (1) | Persons who may be directors |
| (2) | Persons who may not be directors | |
| (3) | Three-quarters of directors must reside in Manitoba | |
| (4) | Election or appointment of more non-resident directors void | |
| (5) | Vacancy resulting in more non-resident directors | |
| 78 | (1) | Terms of office of first directors |
| (2) | Election of directors | |
| (3) | Election of district directors | |
| (4) | Staggered terms | |
| (5) | No stated terms | |
| (6) | Incumbent directors | |
| 79 | (1) | Ceasing to hold office |
| (2) | Effective date of resignation | |
| 80 | (1) | Removal of directors |
| (2) | Vacancy | |
| 81 | (1) | Statement of director |
| (2) | Circulating statement | |
| (3) | Immunity | |
| 82 | (1) | Filling vacancy |
| (2) | Quorum may exercise powers | |
| (3) | Calling meeting | |
| (4) | Members filling vacancy | |
| (5) | Ratification | |
| 83 | (1) | Notice of change of directors |
| (2) | Application to court | |
| (3) | Effect of notice | |
| 84 | (1) | Meeting of directors |
| (2) | Quorum | |
| (3) | Notice of meeting | |
| (4) | Waiver of notice | |
| (5) | Adjournment | |
| (6) | Participation by telephone | |
| 85 | (1) | Delegation |
| (2) | Authority of directors | |
| 86 | Validity of act of directors and officers | |
| 87 | (1) | Resolution in lieu of meeting |
| (2) | Filing resolution | |
| 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 | |
| (3) | Interest in contracts of others | |
| (4) | Officer defined | |
| (5) | Exceptions | |
| (6) | Disclosure | |
| (7) | Time of disclosure for director or officer | |
| (8) | Continuing disclosure | |
| (9) | Avoidance standards | |
| (10) | Approval by members | |
| (11) | Application to court | |
| (12) | Offence of failing to disclose | |
| (13) | Director or officer ceases to hold office on conviction | |
| 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 | |
| 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 CORPORATIONS | ||
| 142 | (1) | Application |
| (2) | Boards continued | |
| (3) | Effect of continuance | |
| 143 | (1) | Purposes of a guarantee corporation generally |
| (2) | Enabling satisfaction of withdrawals | |
| 144 | Powers | |
| 145 | Board of a guarantee corporation | |
| 145.1 | Remuneration | |
| 146 | Chair and other officers | |
| 147 | Qualifications of board members | |
| 148 | Term of office | |
| 149 | Vacancies | |
| 150 | Ceasing to hold office | |
| 151 | Duties of board | |
| 152 | Quorum | |
| 153 | By-laws | |
| 154 | Records | |
| 155 | Fiscal year | |
| 156 | Audit | |
| 157 | Procedure | |
| 158 | Assignment | |
| 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) | Report to Registrar |
| (2) | Further report to Registrar | |
| 163 | Advertising | |
| PART XII | ||
| THE CENTRALS | ||
| 164 | (1) | Application |
| (2) | Application to continue | |
| (3) | Effect of certificate | |
| 165 | Purposes of a central | |
| 166 | (1) | Capacity of a central |
| (2) | Extra-territorial capacity | |
| 167 | (1) | Powers of a 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 | Membership in 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 | Qualification of directors | |
| 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 | System credit committee | |
| 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 | Application to court to rectify records | |
| 197 | (1) | Reassignment of affiliation |
| (2) | Notice | |
| (3) | Conditions | |
| (4) | Application to court | |
| (5) | Notice to Registrar | |
| 198 | Powers of court | |
| 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) | Submission 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 | Supervisor of credit union | |
| 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 | |