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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 463 of the Cooperative Credit Associations Act, hereby makes the annexed Equity of a Cooperative Credit Association Regulations.notenote
Equity of an Association
1Equity#
For 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
*2Coming into force#
These 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.
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.