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C-4.1 - Savings and Credit Unions Act

Section 353
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353. The board of directors of a federation may, at the request of the board of audit and ethics of a credit union affiliated with it, suspend any employee or officer of the credit union, pursuant to the provisions of section 179. It may, on its own initiative and in accordance with the same procedure, suspend an officer who does not fulfil his obligations.
Where the suspended officer holds the office of general manager, the federation may designate a replacement for the duration of the suspension.
1988, c. 64, s. 353; 1996, c. 69, s. 104.
353. A federation shall establish an ethics committee consisting of not fewer than three members elected by the annual meeting.
The members of the ethics committee are officers within the meaning of section 187, and section 348, adapted as required, applies to them.
1988, c. 64, s. 353.
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