2nd Session, 60th General Assembly
Nova Scotia
56 Elizabeth II, 2007
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1 (1) Clause 160(1)(b) of Chapter 4 of the Acts of 1994, the Credit Union Act, is repealed and the following clauses substituted:
(ba) a director or officer of a credit union or the Central;
2 This Act comes into force on such day as the Governor in Council orders and declares by proclamation.