Incorporation Act definition
Examples of Incorporation Act in a sentence
Nothing herein contained shall limit the statutory powers and duties of the Directors of the Employer under the Financial Institutions Act, Credit Union Incorporation Act and the Company Act.
An Auxiliary Member is not entitled to be a Director or be a member of a Board Committee and, except as expressly provided otherwise in the Credit Union Incorporation Act, an Auxiliary Member is not entitled to vote.
No transfer of equity shares will be registered unless a proper instrument of transfer has been delivered to the Credit Union, but an instrument of transfer is not required for the Credit Union to register a transmission of shares in compliance with the Credit Union Incorporation Act.
Subject to the provisions of the Credit Union Incorporation Act that specify the minimum number of membership shares for which a member must subscribe and pay, the Board may establish policies to waive or delay purchase, payment, redemption and ownership in whole or in part of equity shares as required by these Rules.
Subject to the Credit Union Incorporation Act and the Financial Institutions Act, the Board may develop and offer such participation programs as the Board deems in the best interest of the Credit Union.
The Credit Union may hold a general meeting in person, by a Partially Electronic Meeting or by a Fully Electronic Meeting, as determined by the Board, if convened and held in accordance with the provisions of the Credit Union Incorporation Act.
The annual general meeting of the Credit Union will be held on the day, hour and, if applicable, place to be fixed by the Board and will be convened and held in accordance with the provisions of the Credit Union Incorporation Act.
Subject to the Credit Union Incorporation Act, its constitution, and these Rules, the Credit Union will, on application of the transferor or transferee of an equity share, enter the name of the transferee on its register of members and auxiliary members.
Subject to the Credit Union Incorporation Act and these Rules, no member has more than one vote on a resolution or in an election of Directors and no Auxiliary Member has more than one vote on a separate resolution.
Subject to the Credit Union Incorporation Act and these Rules, voting at a general meeting of the Credit Union will be by show of hands, unless the Board Chair determines to permit voting by a written vote or electronic means and such means are made available.