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Canadian Payments Act

Version of section 20 from 2002-12-31 to 2010-02-28:


Marginal note:Executive Committee

  •  (1) The Board may, in accordance with such regulations as may be made by the Governor in Council pursuant to section 35, establish an Executive Committee, not less than three in number, consisting of the Chairperson and such other directors as the Board may designate.

  • Marginal note:Chairperson

    (2) The Chairperson is the chairperson of the Executive Committee.

  • Marginal note:Additional vote

    (3) The Chairperson has, in the event of a tie on any matter before the Executive Committee at a meeting thereof, a second vote.

  • R.S., 1985, c. C-21, s. 20
  • 2001, c. 9, ss. 237(E), 245(E)

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