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Amendment of section 88 of Principal Act (procedural provisions relating to regulatory directions)
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55. Section 88 of the Principal Act is amended, in subsection (1), by the substitution of the following paragraph for paragraph (b):
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“(b) the secretary of the credit union concerned shall, as soon as practicable, notify—
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(i) every member of the board of directors of the credit union, and
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(ii) in the case of a credit union other than a corporate credit union, every member of the board oversight committee of that credit union,
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of the giving of those directions,”.
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