177
CurrentAlternate directors
Chapter 3Management and operation of co-operatives
Part 3.1Management
Division 1The board
177 Alternate directors
(1)
In the absence of a director from a meeting of the board, a person appointed by the board under the rules of the co-operative concerned to act as an alternate for the director (an alternate director) may act in the place of the director.
(2)
The rules of the co-operative may include provisions regulating the term of office, vacation of or removal from office, and remuneration of an alternate director.
This Act’s bill:Explanatory statement
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