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C-67.3 - Act respecting financial services cooperatives

Section 260.1
Disposition versions

Full text
260.1. The by‑laws of the credit union may divide its members into groups and grant each group the right to elect a specified number of members of the board of supervision.
No member of the board of supervision thus elected shall be dismissed except by the members of the credit union who have the right to elect that member.
The by-laws of the credit union may also prescribe the number of members of the board of supervision elected by the members of such a group.
2005, c. 35, s. 15; 2018, c. 23, s. 158.
260.1. The credit union may, by by-law, divide its members into groups and grant each group the right to elect a specified number of members of the board of supervision.
No member of the board of supervision thus elected shall be dismissed except by the members of the credit union who have the right to elect that member.
The by-laws of the credit union may also prescribe the number of members of the board of supervision elected by the members of such a group.
2005, c. 35, s. 15.
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