Persons disqualified to act as Directors. No person may become a Director or continue to be a Director if that person or Director: [a] is under the age of 19 years; [b] is found by a court, in Canada or elsewhere, to be incapable of managing their own affairs; [c] is an undischarged bankrupt; [d] is convicted of an offence in connection with the promotion, formation, or management of a corporation or of an offence involving fraud; [e] is not a member of the Co-op; [f] is indebted to the Co-op for any amount other than: [1] current month’s Housing Charges, or [2] an amount other than Housing Charges and payment is being made in accordance with a plan approved by the Directors; [g] has a term of office that has expired in accordance with the Act or these Rules; [h] is removed in accordance with Rule 18.11; [i] dies; [j] resigns in writing; [k] ceases to live in the Unit on a full-time basis as their principal residence; [l] is absent from three consecutive regular meetings of the Directors without the consent of the Directors; [m] resides with a person who is serving as a Director at the same time, in which case the office of the Director last elected or appointed will be vacated; [n] has entered into a contract directly with the Co-op as an employee or contractor, unless the Director complies with the provisions of the Act respecting disclosure and conflict of interest; [o] is a shareholder, director, or employee of a corporate entity with which the Co-op enters into a contract, unless the Director complies with the provisions of the Act respecting disclosure and conflict of interest; or [p] resides with or is related by blood or marriage to a person who accepts a position as an employee or contractor of the Co-op.
Persons disqualified to act as Directors. No person is qualified to become or act as a Director who is: [a] under the age of 18 years; [b] found by a court, in Canada or elsewhere, to be incapable of managing their own affairs; [c] an undischarged bankrupt; [d] convicted of an offence in connection with the promotion, formation, or management of a corporation or of an offence involving fraud; [e] not a member of the Co-op; [f] indebted to the Co-op and the indebtedness remains unpaid for more than 60 days unless payment is being made in accordance with a plan approved by the Directors; or [g] a person whose office as Director would be vacated under any provision of Rule 18.11 [h] A person who has submitted their share in the cooperative for redemption would not be eligible to run for the Board of Directors. If however, the person is already a Director at the time of their submission, they may, with Board approval, continue to serve until their term as Director ends or their share has been accepted to redemption.
Persons disqualified to act as Directors. No person is qualified to become or act as a Director who is: [a] under the age of 18 years; [b] found by a court, in Canada or elsewhere, to be incapable of managing their own affairs; [c] an undischarged bankrupt; [d] convicted of an offence in connection with the promotion, formation, or management of a corporation or of an offence involving fraud; [e] not a member of the Co-op; or, in the case of a CHF BC Director, not a person appointed by CHF BC; [f] an employee of the Co-op; [g] indebted to the Co-op and the indebtedness remains unpaid for more than 30 days unless the debt is for an amount other than occupancy charges and payment is being made in accordance with a plan approved by the Directors; or [h] a person whose office as Director would be vacated under any provision of Rule 18.11.
