C-67.3 - Act respecting financial services cooperatives

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236. A member other than the president of the board of directors may only receive remuneration if remuneration for the office held by that member is permitted by the federation.
The member is remunerated in keeping with the standards established by the federation.
Board members are entitled to the reimbursement of reasonable expenses incurred in the exercise of their functions.
In addition, the members of a board may be remunerated by the federation or by another legal person belonging to the financial group for the exercise of other functions within the federation or a legal person controlled by the federation. For the purposes of this Act, such members are deemed not to be employees on the ground that they have entered into a contract of employment in connection therewith.
2000, c. 29, s. 236; 2003, c. 20, s. 10; 2018, c. 23, s. 145.
236. A member other than the president of the board of directors may only receive remuneration if remuneration for the office held by that member is permitted by the federation.
The member is remunerated in keeping with the standards established by the federation.
Board members are entitled to the reimbursement of reasonable expenses incurred in the exercise of their functions.
In addition, the members of a board may be remunerated by the federation or by another legal person belonging to the group for the exercise of other functions within the federation or a legal person controlled by the federation. For the purposes of this Act, such members are deemed not to be employees on the ground that they have entered into a contract of employment in connection therewith.
2000, c. 29, s. 236; 2003, c. 20, s. 10.
236. The members of a board are not remunerated, but are entitled to reimbursement of reasonable expenses incurred by them in the exercise of their functions.
However, the members of a board may be remunerated by the federation or by another legal person belonging to the group for the exercise of other functions within the federation or a legal person controlled by the federation. For the purposes of this Act, such members are deemed not to be employees on the ground that they have entered into a contract of employment in connection therewith.
2000, c. 29, s. 236.