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Canadian Payments Act

Version of section 12 from 2002-12-31 to 2015-06-03:

Marginal note:Election of alternates

 At every meeting of members at which a director is elected, the members of the class that elected the director shall elect an alternate director for that director and the alternate director so elected may act as a director during any period in which the director for whom he or she is an alternate is, by reason of absence or incapacity, unable to act.

  • R.S., 1985, c. C-21, s. 12
  • 2001, c. 9, s. 229(E)

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