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C-67.3 - Act respecting financial services cooperatives

Section 102
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102. Subject to this division, the officers of a financial services cooperative are bound by the same obligations as are imposed by the Civil Code on any director of a legal person.
Consequently, in the exercise of their functions, the officers are duty‑bound toward the financial services cooperative to act with prudence and diligence, honesty and loyalty and in the interest of the cooperative.
In their capacity as mandataries of the financial services cooperative, the managers are bound, among other things, by the same obligations as are imposed on the directors under the first paragraph.
2000, c. 29, s. 102; 2018, c. 23, s. 90.
102. Officers must act with prudence and diligence.
They must also act with honesty and fairness in the best interest of the financial services cooperative.
2000, c. 29, s. 102.
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