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C-4.1 - Savings and Credit Unions Act
Section 346
Disposition versions
346. A federation may, by by-law, provide that the chairman of its board of directors shall not be the president of the federation. In any case, however, the president of the federation must be chosen by the board of directors from among its members.
The by-law may also provide that the president of the federation shall remain in office until the expiry of his term as director. In addition, the federation may, by by-law, prescribe the mode of appointment of the secretary of the federation, who need not be a member of the board of directors.
