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C-4.1 - Savings and Credit Unions Act
Section 112
Disposition versions
112. The annual meeting of a credit union shall be held within four months from the end of its fiscal year. The members shall be convened to
(1) examine the annual report;
(2) decide upon the allocation of the annual surplus earnings;
(3) elect the members of the board of directors and of the board of audit and ethics;
(4) appoint an auditor where this Act so requires;
(5) determine the interest payable on permanent shares, if any;
(6) make any decision reserved for the general meeting by this Act;
(7) address oral questions to the members of the board of directors for a minimum period of time determined by the by-laws of the credit union.
112. The annual meeting of a credit union shall be held within four months from the end of its fiscal year. The members shall be convened to
(1) examine the annual report;
(2) decide upon the allocation of the annual surplus earnings;
(3) elect the members of the board of directors, credit committee and board of supervision;
(4) appoint an auditor where this Act so requires;
(5) determine the interest payable on permanent shares, if any;
(6) make any decision reserved for the general meeting by this Act;
(7) address oral questions to the members of the board of directors for a minimum period of time determined by the by-laws of the credit union.
