C-67.2 - Cooperatives Act

Full text
239. The majority of the directors of a federation must be chosen from among the directors of its members.
The representative of any financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C‐67.3) may also be a director if the financial services cooperative constitutes a group pursuant to section 83.
The federation may also provide by by-law that directors may be chosen from among the members or officers of its members.
No employee of the federation may be elected as a director.
1982, c. 26, s. 239; 1988, c. 64, s. 587; 2000, c. 29, s. 630; 2003, c. 18, s. 139.
239. The directors of a federation must be chosen from among the directors of its members and the representative of any financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C-67.3) if the financial services cooperative constitutes a group pursuant to section 83.
The federation may, however, provide by by-law that a minority of the directors must be chosen from among the members or officers of its members.
1982, c. 26, s. 239; 1988, c. 64, s. 587; 2000, c. 29, s. 630.
239. The directors of a federation must be chosen from among the directors of its members and the representative of any credit union or federation or confederation governed by the Savings and Credit Unions Act (chapter C-4.1) if the union or the federation or the confederation constitute a group pursuant to section 83.
The federation may, however, provide by by-law that a minority of the directors must be chosen from among the members or officers of its members.
1982, c. 26, s. 239; 1988, c. 64, s. 587.
239. The directors of a federation must be chosen from among the directors of its members and the representative of any credit union or federation of credit unions governed by the Savings and Credit Unions Act (chapter C-4) if the union of the federation of unions constitute a group pursuant to section 83.
The federation may, however, provide by by-law that a minority of the directors must be chosen from among the members or officers of its members.
1982, c. 26, s. 239.