C-67.3 - Act respecting financial services cooperatives

Section 221 Disposition versions

2018-07-13

221. The annual meeting of a credit union shall be held within four months from the end of its fiscal year. The members shall be convened to

(1)  examine the annual report;

(2)  examine the report on the activities of the board of supervision;

(3)  decide upon the allocation of the annual surplus earnings;

(4)  if the credit union is not a member of a federation, determine, where applicable, the additional interest payable on capital shares out of the stabilization reserve and the surplus earnings;

(4.1)  decide on the payment of dividends from the reserve for future dividends and on the transfer of any sum from that reserve to the community development fund;

(5)  elect the members of the board of directors and of the board of supervision;

(6)  appoint an auditor, in the case of a credit union that is not a member of a federation;

(7)  make any decision reserved for the general meeting by this Act;

(8)  address oral questions to the members of the board of directors for a minimum period of time determined in the by-laws of the credit union;

(9)  address oral questions to the members of the board of supervision concerning the report on its activities, for a minimum period of time determined in the by-laws of the credit union.

2000, c. 29, s. 221; 2003, c. 20, s. 9; 2005, c. 35, s. 35; 2018, c. 23, s. 133.

2005-12-06

221. The annual meeting of a credit union shall be held within four months from the end of its fiscal year. The members shall be convened to

(1)  examine the annual report;

(2)  examine the report on the activities of the board of supervision;

(3)  decide upon the allocation of the annual surplus earnings;

(4)  determine, where applicable, the additional interest payable on capital shares out of the stabilization reserve and the surplus earnings;

(4.1)  decide on the payment of dividends from the reserve for future dividends;

(5)  elect the members of the board of directors and of the board of supervision;

(6)  appoint an auditor, in the case of a credit union that is not a member of a federation;

(7)  make any decision reserved for the general meeting by this Act;

(8)  address oral questions to the members of the board of directors for a minimum period of time determined in the by-laws of the credit union;

(9)  address oral questions to the members of the board of supervision concerning the report on its activities, for a minimum period of time determined in the by-laws of the credit union.

2000, c. 29, s. 221; 2003, c. 20, s. 9; 2005, c. 35, s. 35.

2003-12-18

221. The annual meeting of a credit union shall be held within four months from the end of its fiscal year. The members shall be convened to

(1)  examine the annual report;

(2)  examine the report on the activities of the board of audit and ethics;

(3)  decide upon the allocation of the annual surplus earnings;

(4)  determine, where applicable, the additional interest payable on capital shares out of the stabilization reserve and the surplus earnings;

(4.1)  decide on the payment of dividends from the reserve for future dividends;

(5)  elect the members of the board of directors and of the board of audit and ethics;

(6)  appoint an auditor, in the case of a credit union that is not a member of a federation;

(7)  make any decision reserved for the general meeting by this Act;

(8)  address oral questions to the members of the board of directors for a minimum period of time determined in the by-laws of the credit union;

(9)  address oral questions to the members of the board of audit and ethics concerning the report on its activities, for a minimum period of time determined in the by-laws of the credit union.

2000, c. 29, s. 221; 2003, c. 20, s. 9.

2001-07-01

221. The annual meeting of a credit union shall be held within four months from the end of its fiscal year. The members shall be convened to

(1)  examine the annual report;

(2)  examine the report on the activities of the board of audit and ethics;

(3)  decide upon the allocation of the annual surplus earnings;

(4)  determine, where applicable, the additional interest payable on capital shares out of the stabilization reserve and the surplus earnings;

(5)  elect the members of the board of directors and of the board of audit and ethics;

(6)  appoint an auditor, in the case of a credit union that is not a member of a federation;

(7)  make any decision reserved for the general meeting by this Act;

(8)  address oral questions to the members of the board of directors for a minimum period of time determined in the by-laws of the credit union;

(9)  address oral questions to the members of the board of audit and ethics concerning the report on its activities, for a minimum period of time determined in the by-laws of the credit union.

2000, c. 29, s. 221.