A-32 - Act respecting insurance

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132. The term of office of the directors is one year; it may be extended to two years or three years by a special by-law. In that case, a certain number of directors shall be replaced each year in the order of rotation the by-law shall fix. The by-law must provide for replacement of as constant a number of directors as possible each year.
1974, c. 70, s. 132.