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C-4 - Savings and Credit Unions Act
Section 63
Disposition versions
63. The commissioners choose each year from among their number a chairman and a secretary; deputy-secretary may be designated from among the persons contemplated in the second paragraph. The deputy replaces the secretary when the latter is absent or unable to act.
The manager and any person entitled to authorize loans may attend the meetings of commissioners but have no vote.
A majority of the commissioners shall constitute a quorum of the committee on credit.
63. The commissioners shall choose each year from among their number the chairman of the committee on credit; the manager shall be ex officio the secretary thereof with the right of discussion only.
A majority of the commissioners shall constitute a quorum of the committee on credit.
