sec.173Election of directors

sec.173 Election of directors

Except as provided in subsections (2) – (4) , the directors of a co-operative are to be elected in the way specified in the rules of the co-operative. The first directors of— a co-operative formed under this Law are to be elected at its formation meeting; or a co-operative that was a corporation incorporated under another law are to be the directors in office at the date of registration under this Law. If authorised by the rules of the co-operative, a board of directors may appoint a person to fill a casual vacancy in the office of a director until the next annual general meeting. A motion approving or nominating 2 or more persons for election as directors by a single resolution must not be made at a meeting of a co-operative unless a resolution that it be made has first been agreed to by the meeting without any vote being given against it. If a resolution is passed following a motion in contravention of subsection (4) — the resolution is void; and there is no provision for the automatic re-election of retiring directors in default of another election. This section does not apply to a resolution amending the rules of a co-operative to prevent the election of 2 or more directors by ballot. A nomination for election or appointment to the office of a director must give details of the qualifications and experience of the person nominated. Unless this Law or the rules of a co-operative otherwise provide, a director is eligible for re-election at the end of his or her term of office. (sec.173-ssec.1) Except as provided in subsections (2) – (4) , the directors of a co-operative are to be elected in the way specified in the rules of the co-operative. (sec.173-ssec.2) The first directors of— a co-operative formed under this Law are to be elected at its formation meeting; or a co-operative that was a corporation incorporated under another law are to be the directors in office at the date of registration under this Law. (sec.173-ssec.3) If authorised by the rules of the co-operative, a board of directors may appoint a person to fill a casual vacancy in the office of a director until the next annual general meeting. (sec.173-ssec.4) A motion approving or nominating 2 or more persons for election as directors by a single resolution must not be made at a meeting of a co-operative unless a resolution that it be made has first been agreed to by the meeting without any vote being given against it. (sec.173-ssec.5) If a resolution is passed following a motion in contravention of subsection (4) — the resolution is void; and there is no provision for the automatic re-election of retiring directors in default of another election. (sec.173-ssec.6) This section does not apply to a resolution amending the rules of a co-operative to prevent the election of 2 or more directors by ballot. (sec.173-ssec.7) A nomination for election or appointment to the office of a director must give details of the qualifications and experience of the person nominated. (sec.173-ssec.8) Unless this Law or the rules of a co-operative otherwise provide, a director is eligible for re-election at the end of his or her term of office.