NEWFOUNDLAND AND LABRADOR REGULATION 87/22

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Newfoundland and Labrador
Regulation 2022

NEWFOUNDLAND AND LABRADOR
REGULATION 87/22

Credit Union Regulations, 2009 (Amendment)
under the
Credit Union Act, 2009

(Filed December 15, 2022)

Under the authority of section 193 of the Credit Union Act, 2009, I make the following regulations.

Dated at St. John’s, December 15, 2022.

Sarah Stoodley
Minister of Digital Government and
Service Newfoundland and Labrador

REGULATIONS

Analysis

1. S.40 Amdt.
Board of guarantee
corporation

NLR 56/09
as amended

1. Section 40 of the Credit Union Regulations, 2009 is amended by adding immediately after subsection (7) the following:

(7.1) A majority of the members of the board constitutes a quorum.