Canada Cooperatives Act

Marginal note:Maximum term

• 84 (1) Subject to section 86, a director is entitled to hold office for a term expiring not later than

  • (a) in the case of a cooperative that is not a distributing cooperative, the close of the third annual meeting of members following the director’s election; and

  • (b) in the case of a distributing cooperative, the close of the next annual meeting of members following the director’s election.

• Marginal note:Exceptions — certain distributing cooperatives

  (2) Despite paragraph (1)(b), in the case of any prescribed class of distributing cooperatives or in any prescribed circumstances respecting distributing cooperatives or classes of distributing cooperatives, the directors are not entitled to hold office for a term that is longer than three years.