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C-4 - Savings and Credit Unions Act
Section 47
Disposition versions
47. The board of directors of a union shall be composed of at least five directors chosen from among its members at the annual meeting.
The by-laws, however, may provide for a greater number of directors but not more than fifteen.
Except the manager, no employee of the union may be a member of the board of directors.
The directors shall remain in office until their successors are elected by the general meeting and they shall be re-eligible.
