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C-37.1 - Act respecting the Communauté urbaine de l’Outaouais

Section 174
Disposition versions

Full text
174. As soon as the transit authority acquires all of the capital stock of a public transport undertaking, the functions of the directors of the undertaking then in office shall cease and the members of the board of directors shall become the sole directors of such undertaking, without remuneration, and without personally being shareholders of such undertaking, notwithstanding any inconsistent provision of any law, charter or by-law.
1969, c. 85, s. 225; 1983, c. 29, s. 54; 1990, c. 85, s. 72; 1999, c. 40, s. 67.
174. As soon as the Corporation acquires all of the capital stock of a public transport undertaking, the functions of the directors of the undertaking then in office shall cease and the members of the board of directors shall become the sole directors of such undertaking, without remuneration, and without personally being shareholders of such undertaking, notwithstanding any inconsistent provision of any law, charter or by-law.
1969, c. 85, s. 225; 1983, c. 29, s. 54; 1990, c. 85, s. 72.
174. As soon as the Transit Commission acquires all of the capital stock of a public transport undertaking, the functions of the directors of the undertaking then in office shall cease and the members of the Commission shall become the sole directors of such undertaking, without remuneration, and without personally being shareholders of such undertaking, notwithstanding any inconsistent provision of any law, charter or by-law.
1969, c. 85, s. 225; 1983, c. 29, s. 54.
174. As soon as the Transit Commission acquires all of the capital stock of a public transport undertaking, the functions of the directors of the undertaking then in office shall cease and the commissioners shall become the sole directors of such undertaking, without remuneration, and without personally being shareholders of such undertaking, notwithstanding any inconsistent provision of any law, charter or by-law.
1969, c. 85, s. 225.
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