C-67.3 - Act respecting financial services cooperatives

Section 314 Disposition versions

2018-07-13

314. A notice under section 313 must be given to the federation and the Authority.

A board member who in good faith gives such notice shall not thereby incur any civil liability.

2000, c. 29, s. 314; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 195.

2004-12-17

314. Every member of a board who resigns for reasons relating to the conduct of the affairs of the federation shall declare the reasons in writing to the federation, sending a copy of the declaration to the Authority,

(1)  where the member has grounds to believe that such course of action is in contravention of a provision of this Act, a government regulation thereunder, a standard established under this Act, a provision of any other Act or an order or written instruction of the Authority;

(2)  where the member has grounds to believe that such course of action may have an adverse effect on the financial position of the federation.

A board member who in good faith makes such a declaration shall not thereby incur any civil liability.

2000, c. 29, s. 314; 2002, c. 45, s. 338; 2004, c. 37, s. 90.

2004-02-01

314. Every member of a board who resigns for reasons relating to the conduct of the affairs of the federation shall declare the reasons in writing to the federation, sending a copy of the declaration to the Agency,

(1)  where the member has grounds to believe that such course of action is in contravention of a provision of this Act, a government regulation thereunder, a standard established under this Act, a provision of any other Act or an order or written instruction of the Agency;

(2)  where the member has grounds to believe that such course of action may have an adverse effect on the financial position of the federation.

A board member who in good faith makes such a declaration shall not thereby incur any civil liability.

2000, c. 29, s. 314; 2002, c. 45, s. 338.

2001-07-01

314. Every member of a board who resigns for reasons relating to the conduct of the affairs of the federation shall declare the reasons in writing to the federation, sending a copy of the declaration to the Inspector General,

(1)  where the member has grounds to believe that such course of action is in contravention of a provision of this Act, a government regulation thereunder, a standard established under this Act, a provision of any other Act or an order or written instruction of the Inspector General;

(2)  where the member has grounds to believe that such course of action may have an adverse effect on the financial position of the federation.

A board member who in good faith makes such a declaration shall not thereby incur any civil liability.

2000, c. 29, s. 314.