A-32 - Act respecting insurance

Section 135 Disposition versions

1977-12-31

135. The board of directors shall in particular:

(a)  require of any person entrusted with the management or safekeeping of funds of the association a deposit of an amount of at least $5,000 and determine the nature of it;

(b)  fix the insurance rates or, as the case may be, the amount of assessments and the amounts for which insurance may be contracted or benefits granted;

(c)  at the annual meeting, give an account of its operations and submit the annual report;

(d)  forward a certified copy of the annual statement according to the requirements of section 305.

1974, c. 70, s. 135.