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St. John's, Newfoundland and Labrador, Canada

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Newfoundland and Labrador
Regulation 2013


NEWFOUNDLAND AND LABRADOR REGULATION 64/13

NEWFOUNDLAND AND LABRADOR
REGULATION 64/13

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

(Filed June 12, 2013)

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

Dated at St. John’s, June 5, 2013.

Nick McGrath
Minister of Service Newfoundland and Labrador

REGULATIONS

Analysis


        1.   S.9 Amdt.
Share capital


NLR 56/09
as amended

        1. Subsection 9(1) of the Credit Union Regulations, 2009 is repealed and the following substituted:

Share capital

        9. (1) A member of a credit union shall hold not less than one member equity share purchased at par.