Government of Canada / Gouvernement du Canada
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Canada Cooperatives Act

Version of section 78 from 2003-01-01 to 2018-04-30:

Marginal note:Qualifications

  •  (1) A person is not qualified to be a director if the person

    • (a) is not an individual;

    • (b) is less than eighteen years of age;

    • (c) is of unsound mind and has been so found by a court in Canada or elsewhere; or

    • (d) has the status of bankrupt.

  • Marginal note:Additional qualifications

    (2) A cooperative may provide in its by-laws for qualifications or disqualifications of directors in addition to those in subsection (1).

  • Marginal note:Status of directors

    (3) Unless Part 21 applies to a cooperative, a majority of the directors must be individuals who are not full-time officers or employees of the cooperative.

  • Marginal note:Resident in Canada

    (4) At least twenty-five per cent of the directors must be resident in Canada. However, if the cooperative has only three directors, at least one director must be resident in Canada.

  • Marginal note:Member election

    (5) Subject to subsections 124(3) and (4), all directors are to be elected by the members.

  • 1998, c. 1, s. 78
  • 2001, c. 14, s. 159

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