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Newfoundland Regulation 1998 Credit Union Deposit Guarantee Corporation (Filed
February 10, 1998) Under the
authority of section 72 of the Co-operative
Societies Act, I make the following regulations. Dated at Ernest
McLean REGULATIONS Analysis 1. S.4
Amdt. 2. S.10
Amdt. 3. S.17
Amdt. CNR 800/96 1. Paragraph 4(1)(d) of the Credit Union Deposit Guarantee Corporation Regulations is repealed
and the following substituted: (d) 3
members appointed at the discretion of the minister from a list of nominees by
the credit union system, to serve for a term of 3 years, unless removed by the
minister. 2. Subsection 10(6) of the regulations is repealed
and the following substituted: (6) A
credit union which in the opinion of the corporation is in financial difficulty
or not in compliance with the Act and regulations may be subject to supervision
by the corporation under those terms and conditions that the corporation may
require. 3. Subsection 17(5) of the regulations is repealed
and the following substituted: (5) The
corporation shall provide each credit union and trade association with a copy
of its annual report and audited financial statements. (Includes March 6, 1998 correction) ©Earl G. Tucker, Queen's Printer |