R.R.O. 1990, Reg. 179: GENERAL, Co-operative Loans Act, R.S.O. 1990, c. C.36

Co-operative Loans Act
Loi sur les prêts aux coopératives

REGULATION 179

Amended to S.O., 2006, c. 19, Sched. A, s. 42.

GENERAL

Note: This Regulation became spent some time before January 1, 2004.

Note: This Regulation was revoked on June 22, 2006. See: S.O., 2006, c. 19, Sched. A, s. 42.

This Regulation is made in English only.

1. An application to the Board by a co-operative association for a loan shall be in Form 1. R.R.O. 1990, Reg. 179, s. 1.

2. An agreement entered into by a co-operative association and the Minister under section 3 of the Act shall be in Form 2. R.R.O. 1990, Reg. 179, s. 2.

3. (1) The annual or other reports, returns and statements that shall be made to the Board by each co-operative association having a loan under the Act are,

(a) an annual statement of its operations;

(b) an annual financial statement and report;

(c) the auditor’s annual financial statement and report of its operations; and

(d) such other reports, returns and statements as the Board requires.

(2) The co-operative association shall send by prepaid post to the Board a copy of the annual statement of its operations and the annual financial statement and report required under clauses (1) (a) and (b) within ninety days after the close of its fiscal year.

(3) Subject to subsection (4), the co-operative association shall send by prepaid post to the Board the auditor’s financial statement and report of its operations or a certified copy thereof within ten days after the co-operative association receives the financial statement and report of its operations from the auditor.

(4) Where a co-operative association gives to its members a notice of an annual meeting and the notice is accompanied by an auditor’s financial statement and report of its operations, the co-operative association shall send by prepaid post to the Board a copy of the notice together with a certified copy of the auditor’s financial statement and report of its operations at least ten days before the date of the holding of the annual meeting. R.R.O. 1990, Reg. 179, s. 3.

FORM 1

Co-operative Loans Act

APPLICATION FOR LOAN

R.R.O. 1990, Reg. 179, Form 1.

FORM 2

Co-operative Loans Act

AGREEMENT

R.R.O. 1990, Reg. 179, Form 2.