Bank Act

Membership shares

79.1 (1) A federal credit union may have only one class of membership shares in which the rights of their holders are equal in all respects, and those rights include the right to receive

(a) dividends declared on those membership shares; and

(b) the remaining property of the federal credit union on dissolution.




I am going to do something different then what I said earlier.
My share is a "right".
"Right" doesn't carry an obligation.
By forcefully liquidating my "share" I can no longer receive dividends as my "right".
I do not wave this 'right".
Who has the ability to waive my "right" besides me?
My thoughts are nobody does.