Last Updated:
December 8, 2019
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Matt Dolf
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Financial G. Investment of Funds
- The Co-op will deposit and keep the Capital Maintenance Reserve and the Co-op Operating Reserve and accumulated interest in a separate bank account or in accounts or instruments as follow:
- in an account insured by the Canadian Deposit Insurance Corporation or by the Credit Union Deposit Insurance Corporation;
- in an investment in accordance with the Cooperative Association Act or the Vancouver Charter;
- in an investment guaranteed by a Canadian government; or
- in other investment instruments as the City approves.
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