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C-67.3 - Act respecting financial services cooperatives

Section 228
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228. The term of office of a member of the board of directors or of the board of audit and ethics is three years.
The by‑laws of the credit union must determine a mode of rotation so that 1/3 of the members of each of those organs, to the nearest whole number, are replaced each year.
The credit union may, for the purposes of this section, shorten or lengthen the term of office of the members of a board.
At the end of a term of office, a member shall remain in office until re-elected or replaced.
2000, c. 29, s. 228; 2018, c. 23, s. 139.
228. The term of office of a member of the board of directors or of the board of audit and ethics is three years.
The credit union determines, by by-law, a mode of rotation so that 1/3 of the members of each of those organs, to the nearest whole number, are replaced each year.
The credit union may, for the purposes of this section, shorten or lengthen the term of office of the members of a board.
At the end of a term of office, a member shall remain in office until re-elected or replaced.
2000, c. 29, s. 228.
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