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C-67.3 - Act respecting financial services cooperatives

Section 326
Disposition versions

Full text
326. The by‑laws of the federation must prescribe the number of directors, which shall not be less than five.
The board of directors must be composed of a majority of directors who do not hold office as chief manager of the federation or of a credit union and who are not persons determined by the by‑laws of the federation.
2000, c. 29, s. 326; 2018, c. 23, s. 200.
326. The federation shall determine, by by-law, the number of directors, which shall not be less than five.
In no case may a majority of the members of the board of directors consist of director generals of the federation or of the credit unions, or persons determined by by-law of the federation.
2000, c. 29, s. 326.
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