579. A director of a credit union, federation or confederation, elected in accordance with the provisions of the Savings and Credit Unions Act (chapter C-4), in office at the time of the coming into force of the provisions of chapter 64 of the statutes of 1988 which pertain to the capacity of a director and which would apply to him, shall remain in office until the expiration of his term.
The same applies to a member of a credit committee or of a board of supervision elected in accordance with the provisions of the Savings and Credit Unions Act (chapter C-4), in office at the time of the coming into force of the provisions of this Act which pertain to the capacity of such members and which would apply to him.