Bill No. 24 of 1946. A BILL TO AMEND THE CREDIT UNION ACT NOTE. This Bill amends

section of the above Act by adding a new subsection (2). The purpose of the amendment is to enable credit unions to co-operate with co-operative associa­ tions by lending to them and borrowing from them.

Section prohibits such transactions except with mem­ bers of the credit union and the purpose of the a'mendment is to make an exception in the case of co-operative associa­ tions. W- S. GRAY, Legislative Counsel. (Th'is note does not j01"m any

part 0/ the Bill but is offered in explanation 0/ its provisions.) BILL No. 24 of 1946.

An Act to amend The Credit Union Act. (Assented to , 1946.) H1S ~AJ~ST~, by and with the advice. and consent of the LegIslatIve Assembly of the ProvInce of Alberta, enacts, as follows: . 1. The Credit Union Act, being

chapter of the Revised Statutes of Alberta, 1942, is hereby amended as to

section by adding i,mmeddately at the end thereof the follQwing new subsection: "

(2) Notwithstanding the provisions of se'ction 35, any credit union or federation of credit unions organized pur­ suant to the provisions of

section may aC,cept deposits on share or deposit account from or make loans to any co-operative association incorporated under the provisions of The Co-operative Associations Act, being

chapter of the Revised Statutes of Alberta, 1942, The Co-operative Marketing Assocw,tions Act, being

chapter of the Revised Statutes of Alberta, 1942 or The Co-operative Asso­ ciations Act, 1946." 2. This Act shall come into force on the day upon which it is assented. THIRD SESSION TENTH LEGISLATURE GEORGE VI BILL

An Act to amend The Credit 'Union Act. Received and read the First time ......................................... . Second time ..................................... . Third time ....................................... . HON. MR. GERHART. EDMONTON: A. Shnltka, Klnl"s Printer Title: 1946 (10th, 3rd) Bill 24,

An Act to amend The Credit Union Act