C-4.1 - Savings and Credit Unions Act

Full text
205. Every officer of a credit union must, within three months of his appointment or election and, subsequently, every year, disclose to the board of directors of the credit union, in writing and under oath, any interest held by him in any enterprise.
No officer may discharge the duties of his office until he has fulfilled his obligation under this section.
However, no officer shall be required to disclose any interest representing less than 10 % of the securities issued by an enterprise or of the voting rights attached to such securities.
1988, c. 64, s. 205; 1996, c. 69, s. 67.
205. Every officer of a credit union must, within three months of his appointment or election and, subsequently, every year, disclose to the board of directors of the credit union, in writing and under oath, any interest held by him in any enterprise.
No officer may discharge the duties of his office until he has fulfilled his obligation under this section.
However, no officer shall be required to disclose any interest representing less than 10 % of the shares issued by a legal person or less than 10 % of the voting rights attached to such shares.
1988, c. 64, s. 205.