174. The term of office of a member of the board of directors is for an indefinite period.
The member ceases to hold office if he is replaced, designated a member of a select committee established under section 69, or resigns as a member of the board of directors. He also ceases to hold office if he ceases to be a mayor or an eligible councillor referred to in section 69.2 or if he becomes the chairman or a vice-chairman of the Community.
A person resigning shall sign a document to that effect, send the original to the Community and send one copy to the Société and another to the municipality on whose council he sits. The resignation takes effect from the date on which the original is received by the Community.
1978, c. 103, s. 55; 1984, c. 32, s. 22; 1993, c. 67, s. 74.