180 (1) A credit union may accept deposits only from, (a) its members; (b) the Authority; (c) Her Majesty in right of Canada or of a province; (d) an agency of Her Majesty in right of either Canada or of a province; (e) the government of a foreign country; (f) a political subdivision or an agency of a government of a foreign country; (g) municipalities; (h) crown agencies; (i) entities directly funded by the federal government, a provincial government or a municipality; (j) leagues; (j.1) subject to any restrictions in the by-laws of the credit union, persons who have not become members of the credit union but whose deposit accounts were acquired by the credit union as a result of the purchase of all or part of the business of another financial institution that is not a credit union; (k) other persons or entities approved by the Chief Executive Officer.  1994, c. 11, s. 180; 1997, c. 28, s. 53; 2007, c. 7, Sched. 7, s. 101 (1, 2); 2018, c. 8, Sched. 7, s. 5; 2019, c. 7, Sched. 16, s. 49. Authority to accept deposits (2) A credit union may, without the intervention of another person, (a) accept a deposit from a person referred to in subsection (1) whether or not the person is qualified by law to enter into contracts; and (b) pay all or part of the principal of the deposit and all or part of the interest earned on the deposit to or to the order of that person.  2007, c. 7, Sched. 7, s. 101 (3). Exception (3) Clause (2) (b) does not apply if, before the payment is made, the money deposited with the credit union is claimed by another person, (a) in an action or proceeding to which the credit union is a party and in respect of which service of a claim or other process originating that action or proceeding has been made on the credit union; or (b) in an action or proceeding pursuant to which an injunction or order made by the court requiring the credit union not to make payment of that money or to make payment of it to some person other than the depositor has been served on the credit union.  2007, c. 7, Sched. 7, s. 101 (3). Same (4) In the case of a claim referred to in subsection (3), the money may be paid to the depositor only with the consent of the claimant or to the claimant only with the consent of the depositor.  2007, c. 7, Sched. 7, s. 101 (3). RRSPs for employees of a member (5) Despite subsection (1), a credit union may accept deposits for RRSPs for employees of a member if the member was involved in the establishment of the RRSPs at the credit union and the member makes payments into the RRSPs on behalf of the employees.  2007, c. 7, Sched. 7, s. 101 (3). Application of other provisions (6) Subsections (2), (3) and (4) apply, with necessary modifications, with respect to employees referred to in subsection (5).  2007, c. 7, Sched. 7, s. 101 (3). Definition (7) In subsection (5), “RRSPs” means registered retirement savings plans within the meaning of subsection 146 (1) of the Income Tax Act
(Canada).  2007, c. 7, Sched. 7, s. 101 (3). Section Amendments with date in force (d/m/y) 1997, c. 28, s. 53 - 01/07/1998 2007, c. 7, Sched. 7, s. 101 (1-3) - 01/10/2009 2018, c. 8, Sched. 7, s. 5 - 08/06/2019; 2018, c. 17, Sched. 11, s. 15 - no effect - see 2019, c. 7, Sched. 16, s. 54 - 29/05/2019 2019, c. 7, Sched. 16, s. 49 - 08/06/2019