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S-25.1 - Act respecting the sociétés d’entraide économique

Section 91
Disposition versions

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91. The board must, in particular, make a report of its observations to the board of directors and, if it considers it advisable, propose its recommendations to it.
It must notify the Autorité des marchés financiers and the federation; it may call a special general meeting if
(1)  the board of directors ignores its recommendations;
(2)  there is a violation of a legal or regulatory provision or of a standard established by the federation in connection with the operations of the company;
(3)  reprehensible financial, business or administrative practices are discovered by the board of supervision.
1981, c. 31, s. 91; 1982, c. 52, s. 246; 2002, c. 45, s. 564; 2004, c. 37, s. 90.
91. The board must, in particular, make a report of its observations to the board of directors and, if it considers it advisable, propose its recommendations to it.
It must notify the Agence nationale d’encadrement du secteur financier and the federation; it may call a special general meeting if
(1)  the board of directors ignores its recommendations;
(2)  there is a violation of a legal or regulatory provision or of a standard established by the federation in connection with the operations of the company;
(3)  reprehensible financial, business or administrative practices are discovered by the board of supervision.
1981, c. 31, s. 91; 1982, c. 52, s. 246; 2002, c. 45, s. 564.
91. The board must, in particular, make a report of its observations to the board of directors and, if it considers it advisable, propose its recommendations to it.
It must notify the Inspector General and the federation; it may call a special general meeting if
(1)  the board of directors ignores its recommendations;
(2)  there is a violation of a legal or regulatory provision or of a standard established by the federation in connection with the operations of the company;
(3)  reprehensible financial, business or administrative practices are discovered by the board of supervision.
1981, c. 31, s. 91; 1982, c. 52, s. 246.
91. The board must, in particular, make a report of its observations to the board of directors and, if it considers it advisable, propose its recommendations to it.
It must notify the superintendent and the federation; it may call a special general meeting if
(1)  the board of directors ignores its recommendations;
(2)  there is a violation of a legal or regulatory provision or of a standard established by the federation in connection with the operations of the company;
(3)  reprehensible financial, business or administrative practices are discovered by the board of supervision.
1981, c. 31, s. 91.
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