C-4.1 - Savings and Credit Unions Act

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114. The board of directors must hold a special meeting upon the requisition of 100 members of the credit union if it has 300 or more members, of one-third of the members if it has less than 300 or, if the quorum fixed by by-law of the credit union is less than 100 or less than one-third of its members, of the number of members required to constitute such quorum.
The requisition must specify the matters in respect of which a special meeting is required.
The board of directors must also hold a special meeting if two vacancies occur on the board of audit and ethics.
1988, c. 64, s. 114; 1996, c. 69, s. 28.
114. The board of directors must hold a special meeting upon the requisition of 100 members of the credit union if it has 300 or more members, of one-third of the members if it has less than 300 or, if the quorum fixed by by-law of the credit union is less than 100 or less than one-third of its members, of the number of members required to constitute such quorum.
The board of directors must also hold a special meeting if two vacancies occur on the board of supervision.
1988, c. 64, s. 114.