RFCCBS 9.5 Suspending registration

1We can suspend the society’s registration for periods of three months if:

1. (1)

   it has wilfully, and after being informed by us, violated any legal requirements under the Act;

2. (2)

   the society exists for an illegal purpose;

3. (3)

   the applicable condition for registration is not met;

4. (4)

   appears to us that a lending society for members involved in horticulture, agriculture or forestry no longer consists mainly of members engaged in those activities or no longer lends to members as its main activity.

1A suspended society is not entitled to any of the privileges of registration for as long as they are suspended.

1We must give at least two months’ notice in writing of our intention to suspend the society’s registration.

1After the first three-month period of suspension, a society may appeal to the court against any further suspension period.