C-4 - Savings and Credit Unions Act

Full text
134. If the board of directors of a federation consists of more than eight directors, it may, if authorized to do so by by-law, establish an executive committee.
Such executive committee shall consist of at least five persons chosen from among the directors by the board of directors which shall designate the chairman thereof.
Such executive committee shall exercise such powers of the board of directors as are delegated to it by the by-law.
R. S. 1964, c. 293, s. 107; 1970, c. 59, s. 44.