Government of Canada / Gouvernement du Canada
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Canadian Payments Act

Version of section 15 from 2015-06-04 to 2021-04-01:

Marginal note:Chairperson and Deputy Chairperson

  •  (1) The elected directors shall elect a Chairperson of the Board and a Deputy Chairperson of the Board from among the directors referred to in paragraph 8(1)(d) for a term not exceeding two years, the term being renewable.

  • Marginal note:Duties of Chairperson

    (2) The Chairperson shall preside at meetings of the Board and perform the duties that are assigned by the by-laws.

  • Marginal note:Absence of Chairperson

    (3) If the Chairperson is unable to act by reason of absence or incapacity, the Deputy Chairperson shall perform the duties of the Chairperson.

  • Marginal note:Additional vote

    (4) The Chairperson or, in the absence or incapacity of the Chairperson, the Deputy Chairperson has, in the event of a tie vote on any matter before the Board at a meeting of the Board, a second vote.

  • R.S., 1985, c. C-21, s. 15
  • 2001, c. 9, ss. 232(E), 245(E)
  • 2007, c. 6, s. 427(F)
  • 2014, c. 39, s. 339

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