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Cooperative Credit Associations Act (S.C. 1991, c. 48)

Act current to 2023-01-25 and last amended on 2022-01-01. Previous Versions

AMENDMENTS NOT IN FORCE

  • — 2014, c. 39, s. 292

    • 292 Part XVII of the Act is repealed.

  • — 2014, c. 39, s. 293

    • Definition of agreement

      293 In sections 294 to 297, agreement means

      • (a) section 5 of the agreement between the Canada Deposit Insurance Corporation and the Quebec Deposit Insurance Board that was made on January 22, 1969;

      • (b) the agreement between the Canada Deposit Insurance Corporation and the Credit Union Reserve Board of British Columbia that was made on March 7, 1975;

      • (c) the agreement between the Canada Deposit Insurance Corporation and the Credit Union Stabilization Corporation of Alberta that was made on July 5, 1977;

      • (d) any agreement specified in regulations made under section 297; or

      • (e) any amendment to section 5 of the agreement referred to in paragraph (a) or to an agreement referred to in any of paragraphs (b) to (d).

  • — 2014, c. 39, s. 294

    • Agreements are terminated

      294 The agreements are terminated and all obligations and liabilities arising out of the agreements and all rights acquired under them are extinguished.

  • — 2014, c. 39, s. 295

    • No liability

      295 No action or other proceeding, including any action or proceeding in restitution, or for damages of any kind, that is based on or is in relation to any agreement, lies or may be instituted by anyone against Her Majesty or any minister or any employee or agent of Her Majesty, or any person engaged to provide advice or services to Her Majesty in relation to any agreement, for anything done or omitted to be done or for anything purported to have been done or omitted to be done, in the exercise or performance of their powers, duties and functions.

  • — 2014, c. 39, s. 296

    • No compensation

      296 No one is entitled to any compensation from Her Majesty in connection with the coming into force of section 294.

  • — 2014, c. 39, s. 297

    • Regulations

      297 The Governor in Council may make regulations specifying, for the purposes of paragraph 293(d), agreements entered into by the Canada Deposit Insurance Corporation under section 39 of the Canada Deposit Insurance Corporation Act or section 482 of the Cooperative Credit Associations Act, as those sections read immediately before the day on which this section comes into force.

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