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Canadian Payments Act

Version of section 15 from 2021-04-02 to 2022-08-08:


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 renewable term of up to three years. However, the Chairperson and Deputy Chairperson shall each serve no more than six years in office in total.

  • 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
  • 2019, c. 29, s. 94
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