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C-4.1 - Savings and Credit Unions Act
Section 349
Disposition versions
349. Where the board of directors consists of more than eight members, it may, if so authorized by by-law of the federation, appoint an executive committee consisting of not fewer than three directors, including a chairman.
Moreover, in no case may the majority of the members of the executive committee be employees of the federation or of credit unions affiliated with it, and the number of members of the executive committee shall not exceed one-half of the number of directors.
