C-4.1 - Savings and Credit Unions Act

Section 361 Disposition versions

1997-02-15

361. The members of the board of audit and ethics shall be elected at the general meeting from among the members of any credit union affiliated with the federation, except

(1)  a member of a credit union affiliated for less than 90 days, except in the case of a founding credit union;

(2)  an employee of the credit union or an employee of the federation;

(3)  a director of the federation;

(4)  an officer of another federation within the meaning of section 187 or an employee of another federation;

(5)  a person of full age under protective supervision or a person totally or partially deprived of the exercise of his civil rights;

(6)  an undischarged bankrupt;

(7)  a person convicted, in the past five years, of an offence or an indictable offence involving fraud or dishonesty, unless he has obtained a pardon.

The directors, officers or employees of a legal person referred to in the first paragraph of section 469.1, a holding company controlled by the confederation with which the federation is affiliated, where that is the case, the legal persons controlled by that company and, if the federation is affiliated with La Confédération des caisses populaires et d’économie Desjardins du Québec, La Caisse centrale Desjardins du Québec, and the shareholders holding 10 % or more of the voting rights attached to the shares of the legal persons belonging to the same group as the federation may not be members of the board of audit and ethics.

1988, c. 64, s. 361; 1989, c. 54, s. 197; 1996, c. 69, s. 108.

1990-04-15

361. The members of the board of supervision shall be elected at the general meeting from among the members of any credit union affiliated with the federation, except

(1)  a member of a credit union affiliated for less than 90 days, except in the case of a founding credit union;

(2)  an employee of the credit union, unless he is the general manager, or an employee of the federation;

(3)  a director or a member of the credit committee of the federation;

(4)  an officer of another federation within the meaning of section 187 or an employee of another federation;

(5)  a person of full age under tutorship or curatorship or a person declared incapable by a court, even a foreign court;

(6)  an undischarged bankrupt.

1988, c. 64, s. 361; 1989, c. 54, s. 197.

1989-03-15

361. The members of the board of supervision shall be elected at the general meeting from among the members of any credit union affiliated with the federation, except

(1)  a member of a credit union affiliated for less than 90 days, except in the case of a founding credit union;

(2)  an employee of the credit union, unless he is the general manager, or an employee of the federation;

(3)  a director or a member of the credit committee of the federation;

(4)  an officer of another federation within the meaning of section 187 or an employee of another federation;

(5)  an interdicted person or a person of unsound mind declared incapable by a court, even a foreign court;

(6)  an undischarged bankrupt.

1988, c. 64, s. 361.