Canadian Payments Act
Version of section 12 from 2002-12-31 to 2015-06-03:
Marginal note:Election of alternates
12 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)
- Date modified: