C-67.3 - Act respecting financial services cooperatives

Section 335 Disposition versions

2018-07-13

335. The board of directors of a federation may, at the request of the board of supervision of a credit union, suspend or dismiss any manager, other employee or officer of the credit union by following the procedure required prior to a decision to be rendered under section 265. It may, on its own initiative and in accordance with that procedure, suspend or dismiss an officer or manager who does not fulfil his or her obligations.

If the suspended or dismissed person is the chief manager or an officer of a credit union, the federation may designate a replacement for the duration of the suspension or for the interim period until the credit union replaces that person.

2000, c. 29, s. 335; 2005, c. 35, s. 35; 2018, c. 23, s. 207.

2005-12-06

335. The board of directors of the federation may, at the request of the board of supervision of a credit union, suspend any employee or officer of the credit union, in accordance with the provisions of section 265. It may, on its own initiative and according to the same procedure, suspend an officer who does not fulfil the officer’s obligations.

Where the suspended officer holds the office of director general, the federation may designate a replacement for the duration of the suspension.

2000, c. 29, s. 335; 2005, c. 35, s. 35.

2001-07-01

335. The board of directors of the federation may, at the request of the board of audit and ethics of a credit union, suspend any employee or officer of the credit union, in accordance with the provisions of section 265. It may, on its own initiative and according to the same procedure, suspend an officer who does not fulfil the officer’s obligations.

Where the suspended officer holds the office of director general, the federation may designate a replacement for the duration of the suspension.

2000, c. 29, s. 335.