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C-4.1 - Savings and Credit Unions Act

Section 159
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159. The board of directors shall determine the functions and powers of ad hoc committees. In addition, it may authorize committees to use any information relevant to the fulfilment of their mandate.
The members of ad hoc committees are bound by the same rules of ethics as those applicable to the officers.
1988, c. 64, s. 159; 1989, c. 54, s. 193; 1996, c. 69, s. 43.
159. Every natural person who is a member of the credit union or who represents a legal person, including a partnership, that is a member of the credit union, may be a member of the credit committee, except
(1)  a member or the representative of a member who has been a member for less than 90 days, unless he is a founder;
(2)  an employee of the credit union, of the federation with which the credit union is affiliated, of the confederation with which the federation is affiliated or of a legal person belonging to the same group as the federation or confederation;
(3)  a director or a member of the board of supervision of the credit union;
(4)  an officer within the meaning of section 187 or an employee of another credit union;
(5)  a person of full age under tutorship or curatorship or a person declared incapable by a court, even a foreign court;
(6)  an indischarged bankrupt.
1988, c. 64, s. 159; 1989, c. 54, s. 193.
159. Every natural person who is a member of the credit union or who represents a legal person, including a partnership, that is a member of the credit union, may be a member of the credit committee, except
(1)  a member or the representative of a member who has been a member for less than 90 days, unless he is a founder;
(2)  an employee of the credit union, of the federation with which the credit union is affiliated, of the confederation with which the federation is affiliated or of a legal person belonging to the same group as the federation or confederation;
(3)  a director or a member of the board of supervision of the credit union;
(4)  an officer within the meaning of section 187 or an employee of another credit union;
(5)  an interdicted person or a person of unsound mind declared incapable by a court, even a foreign court;
(6)  an indischarged bankrupt.
1988, c. 64, s. 159.
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