C-37.2 - Act respecting the Communauté urbaine de Montréal

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259. As soon as the 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. 84, s. 288.