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COOPERATIVE CREDIT ASSOCIATIONS ACTEquity of a Cooperative Credit Association RegulationsP.C.2001-1749  200110

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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 463a of the Cooperative Credit Associations Actb, hereby makes the annexed Equity of a Cooperative Credit Association Regulations.aS.C. 2001, c. 9, s. 339bS.C. 1991, c. 48Equity of an Association

Equity1For the purposes of the Cooperative Credit Associations Act, the equity of an association is the sum of the aggregate book value of the shares of the association and the aggregate book value of the membership shares of the association, as they appear in the consolidated financial statements of the association.

Coming into Force

Coming into force*2These Regulations come into force on the day on which paragraph 463(i.1) of the Cooperative Credit Associations Act, as enacted by section 339 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.*[Note: Regulations in force October 24, 2001, see SI/2001-102.]