Cooperative Credit Associations Act
Marginal note:Sunset provision
22 (1) Subject to subsections (2) and (4), associations shall not carry on business after the day that is the fifth anniversary of the day on which this section comes into force.
(2) The Governor in Council may, by order, extend by up to six months the time during which associations may continue to carry on business. No more than one order may be made under this subsection.
Marginal note:Order not a regulation
(4) If Parliament dissolves on the fifth anniversary of the day on which this section comes into force, on any day within the six-month period before that anniversary or on any day within an extension under subsection (2), associations may continue to carry on business until the end of 180 days after the first day of the first session of the next Parliament.
- 1991, c. 48, s. 22
- 1997, c. 15, s. 116
- 2001, c. 9, s. 254
- 2006, c. 4, s. 200
- 2007, c. 6, s. 138
- 2012, c. 5, s. 105
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