Name, address, etc. of members 7. Bond in the amount of the membership charge 8. Guarantee that funds will be available for payment in accordance with this Act, to which guarantee the members have an unconditional 6-month right to enforce. 9. Name of any non-resident shareholder. 10. Name, address, etc. of the non-resident officer or director. 11. Name of any non-resident director. 12. Guarantee that it will be possible for the credit union to pay dividends to its members in accordance with the by-laws, and the amount of each dividend that may be paid. 13. Guarantee that the interest, net profits, and returns to shareholders on the investments will reach a target of 10% per annum. BANKS (Bank Act, R.S., 1985, c. B-1, s. 1(1)) 1. Name of bank 2. Address as posted on its website 3. Number of branches, branches where the principal office is located in New Brunswick 4. Capital and surplus as posted on its website 5. Annual balance-sheet 6. Bond as posted on its website.
(2) Every credit union shall file with the Minister a copy of a by-law in respect of the credit union which prescribes: (a) the amount of money it proposes to invest; (b) the amount of money it will invest on a credit basis; and (c) the terms and conditions under which it may invest, including the rate of interest which it, or a designated person, or a designated investment fund, may receive for such investments.
Definition of bank (3) In subsection (2), “bank” includes every person authorized to do business in New Brunswick by the Lieutenant Governor in Council or an order of the Commissioner of Banking and Financial Institutions.
Definition of registered office (4) In subsection (2), “registered office” refers to a place located in the province in which a credit union (a) has its registered office as recorded in the land title office in the name in the office, or (b) has an office in Canada.
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Reset Form 3 ARTICLES OF INCORPORATION (CREDIT UNIONS) (Credit Unions Act, S.N.B. 1992, c. C-32.2, s. 7(1)) 1. Name of credit union 2. Place in New Brunswick where the registered office is situated
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Form 3 - articles is a legal document that outlines the articles of incorporation for a company.
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Any company or organization that intends to incorporate is required to file form 3 - articles.
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Form 3 - articles can be filled out by providing information such as the company's name, purpose, registered agent, directors, and shareholders.
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The purpose of form 3 - articles is to legally establish a company or organization as a separate legal entity.
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Form 3 - articles typically require the reporting of the company's name, purpose, registered agent, directors, and shareholders.
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