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C-4.1 - Savings and Credit Unions Act
Section 92
Disposition versions
92. Any person, including a partnership, who or which does not meet the conditions set out in paragraph 1 of section 90 may be admitted as an auxiliary member. A group may only be admitted as an auxiliary member.
Any member who ceases to meet the conditions set out in paragraph 1 of section 90 becomes an auxiliary member. If he is an officer of the credit union, he may continue nevertheless to exercise his duties until the expiry of his term of office.
However, the rights and obligations of a member who ceases to meet the conditions set out in paragraph 1 of section 90 following an amalgamation of credit unions or following a change in the territory or in the group described in the articles of the credit union are maintained.
92. Any person, including a partnership, who or which does not meet the conditions set out in paragraph 1 of section 90 may be admitted as an auxiliary member.
Any member who ceases to meet the conditions set out in paragraph 1 of section 90 becomes an auxiliary member. If he is an officer of the credit union, he may continue nevertheless to exercise his duties until the expiry of his term of office.
