Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
S-38 - Cooperative Syndicates Act
Section 21
Disposition versions
21. The board of supervision shall exercise supervision over the board of management and the committee of credit hereinafter mentioned, as to all the details of their management. It may, at any time, inspect all documents and the keeping of the books, and require the production of the cash on hand.
No member of the board of supervision may, either directly or indirectly, borrow from the association or become surety for any borrower.
The board of supervision or two of its members may, at any time, call a special general meeting of the association.
The proceedings of the board of supervision shall be entered in registers kept and written up by the manager.
The board of supervision of every co-operative syndicate for credit, provident or other economic purposes shall, at least once a year, cause all the operations of the association to be audited by an inspector of a federation organized under section 49. Such audit shall be made at the cost of the syndicate, unless it has already been affiliated with a federation.
