C-4.1 - Savings and Credit Unions Act

Section 114 Disposition versions

1997-02-15

114. The board of directors must hold a special meeting upon the requisition of 100 members of the credit union if it has 300 or more members, of one-third of the members if it has less than 300 or, if the quorum fixed by by-law of the credit union is less than 100 or less than one-third of its members, of the number of members required to constitute such quorum.

The requisition must specify the matters in respect of which a special meeting is required.

The board of directors must also hold a special meeting if two vacancies occur on the board of audit and ethics.

1988, c. 64, s. 114; 1996, c. 69, s. 28.

1989-03-15

114. The board of directors must hold a special meeting upon the requisition of 100 members of the credit union if it has 300 or more members, of one-third of the members if it has less than 300 or, if the quorum fixed by by-law of the credit union is less than 100 or less than one-third of its members, of the number of members required to constitute such quorum.

The board of directors must also hold a special meeting if two vacancies occur on the board of supervision.

1988, c. 64, s. 114.