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C-3.1 - Act respecting certain caisses d’entraide économique

Section 88
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88. The Minister may, if he considers that the interests of the members of a caisse d’entraide économique so warrant, appoint, for such period and on such conditions as he may determine, an administrator to the union; the administrator replaces the board of directors, the committee on credit, the board of supervision and the general meeting of the union and exercises their powers.
The administrator remains in office until the expiry of the period for which he has been appointed, unless the Minister prolongs his term of office or terminates it earlier.
The Minister shall determine after the adoption of an option by way of the vote whether or not the administrator is to remain in office.
This section has effect from 30 March 1982.
1982, c. 15, s. 88.
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