Notice of Branch Closure (Cooperative Credit Associations) Regulations
Marginal note:Circumstances in which Commissioner shall require a meeting
9 For the purposes of subsection 385.27(2) of the Act, the following circumstances are prescribed as circumstances in which the Commissioner shall require a member association to convene and hold a meeting referred to in that subsection:
(a) the member association has not consulted the community in the area affected by the closure of the branch or the cessation of the activity well enough to ascertain the views of interested persons in the community with regard to the closure of the branch, the cessation of the activity, alternate service delivery by the member association or measures to help the member association’s customers adjust to the closing or cessation;
(b) an individual or a community representative from the area affected by the closure of the branch or the cessation of the activity submits to the Commissioner a written request for the meeting; and
(c) the request is not frivolous or vexatious.
- SOR/2009-42, s. 3
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