C-4.1 - Savings and Credit Unions Act

Section 173 Disposition versions

1997-02-15

173. In the event of vacancy, the members of the board of audit and ethics may appoint a replacement for the unexpired portion of the term of office. If they fail to do so before the next general meeting, the general meeting may fill the vacancy.

If, due to vacancies, a quorum cannot be reached, a member of the board, a director, two members of the credit union or the board of directors of the federation with which the credit union is affiliated may order the secretary of the credit union to call a special meeting to fill the vacancies.

If the secretary fails to act, the meeting may be called by the persons who ordered the holding of the meeting. Unless the members object thereto by resolution at the meeting, the credit union shall reimburse those who called the meeting for reasonable expenses incurred by them to hold the meeting.

1988, c. 64, s. 173; 1996, c. 69, s. 181.

1989-03-15

173. In the event of vacancy, the members of the board of supervision may appoint a replacement for the unexpired portion of the term of office. If they fail to do so before the next general meeting, the general meeting may fill the vacancy.

If, due to vacancies, a quorum cannot be reached, a member of the board of supervision, a director, two members of the credit union or the board of directors of the federation with which the credit union is affiliated may order the secretary of the credit union to call a special meeting to fill the vacancies.

If the secretary fails to act, the meeting may be called by the persons who ordered the holding of the meeting. Unless the members object thereto by resolution at the meeting, the credit union shall reimburse those who called the meeting for reasonable expenses incurred by them to hold the meeting.

1988, c. 64, s. 173.