C-67.3 - Act respecting financial services cooperatives

Full text
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. 232018, c. 23, s. 133.
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.
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.
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.