A-32 - Act respecting insurance

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93.156. If the board of directors of a federation consists of 10 or more directors, it may, if so authorized by the internal management by-laws, establish an executive committee consisting of not fewer than five directors, including the chairman and the vice-chairman.
In no case may the number of members of the executive committee exceed one-half of the number of directors.
Not more than one-third of the executive committee may be composed of persons referred to in the second paragraph of section 93.147.
1985, c. 17, s. 6; 1990, c. 86, s. 15; 1996, c. 63, s. 23.
93.156. If the board of directors of a federation consists of more than eight directors, it may, if so authorized by the internal management by-laws, establish an executive committee consisting of not fewer than five directors, including the chairman and the vice-chairman.
In no case may the number of members of the executive committee exceed one-half of the number of directors.
Not more than one-third of the executive committee may be composed of persons referred to in the second paragraph of section 93.147.
1985, c. 17, s. 6; 1990, c. 86, s. 15.
93.156. If the board of directors of a federation consists of more than eight directors, it may, if so authorized by the internal management by-laws, establish an executive committee consisting of not fewer than five directors, including the chairman and the vice-chairman.
In no case may the number of members of the executive committee exceed one-half of the number of directors.
1985, c. 17, s. 6.