BILL NO. 52
2nd Session, 60th General Assembly
56 Elizabeth II, 2007
Credit Union Act
The Honourable Angus MacIsaac
Acting Minister responsible for the Credit Union Act
First Reading: November 30, 2007
Second Reading: December 4, 2007
Third Reading: December 10, 2007 (LINK TO BILL AS PASSED)
This Bill removes the restriction in the Credit Union Act that prohibits a director or officer of a credit union or The Credit Union Central of Nova Scotia from being a board member of the Nova Scotia Credit Union Deposit Insurance Corporation unless at least two years has passed since the person ceased to be a director or officer.
1 (1) Clause 160(1)(b) of Chapter 4 of the Acts of 1994, the Credit Union Act, is repealed and the following clauses substituted:
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