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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 11 October 2013 - onwards
Version 3 of 3

149. Powers of an examiner.

(1) Any provision of this Act relating to the rights and powers of an auditor of a credit union and the supplying of information to or co-operation with such an auditor shall, with the necessary modifications, apply to an examiner.

(2) Notwithstanding any provision of this Act relating to notice of general meetings, an examiner shall have power to convene, set the agenda for, and preside at meetings of the board of directors and general meetings of the credit union to which the examiner is appointed and to propose motions or resolutions and to give reports to any such meetings.

(3) An examiner shall be entitled to reasonable notice of, to attend and be heard at, all meetings of the board of directors of a credit union and all general meetings of the credit union to which he is appointed.

(4) For the purpose of subsection (3) "reasonable notice", in relation to a meeting, shall be deemed to include a description of the business to be transacted at the meeting.