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Canadian Payments Act

Version of section 26 from 2002-12-31 to 2015-06-03:

Marginal note:Appointment of auditor

  •  (1) The members of the Association shall, at each annual meeting, appoint an auditor to hold office until the close of the next annual meeting.

  • Marginal note:Remuneration

    (2) The remuneration of the auditor may be fixed by resolution at the annual meeting of members and on such a resolution every member is entitled to one vote for each dollar that the member is required to contribute as dues under the by-laws.

  • Marginal note:Idem

    (3) Where the members do not fix the remuneration of the auditor at the annual meeting, the Board may fix such remuneration.

  • 1980-81-82-83, c. 40, s. 80

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