Part 10 — Financial Disclosure
241 Right to attend meeting
every meeting of the cooperative and, at the expense of the
cooperative, to attend and be heard at a meeting if matters relating
to the auditor's duties are to be discussed at the meeting.
(2) A director or member of a cooperative, whether or not the
member is entitled to vote at the meeting, or an investment
shareholder that is entitled to vote at that meeting of investment
shareholders, may give written notice not less than 10 days before a
meeting of the cooperative to the auditor or a former auditor of the
cooperative to attend the meeting at the expense of the cooperative.
(3) If the auditor or former auditor receives a written notice
referred to in subsection (2), the auditor or former auditor must
attend the meeting and answer questions relating to the auditor's
duties.
(4) A director, member or investment shareholder who sends a
notice referred to in subsection (2) must send a copy of the notice
to the cooperative at the same time.
(5) An auditor is entitled to submit to the cooperative a written
statement giving the reasons for the auditor's resignation or the
reasons why the auditor opposes a proposed action or resolution set
out in clauses (a) to (d) in any of the following situations:
(a) the auditor resigns;
(b) the auditor receives a notice or otherwise learns of a mee ting
of members called for the purpose of removing the auditor
from office;
(c) the auditor receives a notice or otherwise learns of a mee ting
of directors or members at which another person is to be
appointed to fill the office of auditor, whether because of the
resignation or removal of the incumbent auditor or because
the term of office of the incumbent auditor has expired or is
about to expire;
(d) the auditor receives a notice or otherwise learns of a mee ting
at which a resolution referred to in section 236 is to be
proposed.
(6) The cooperative must without delay send a copy of the
statements referred to in subsection (5)
(a) to every person who is entitled to receive notice of a
meeting referred to subsection (1),
(b) to the Registrar, and
(c) in the case of a distribu ting cooperative, to the Executive
Director.
(7) No person may accept an appointment or consent to be
appointed as auditor of a cooperative if the person is replacing an
auditor who has resigned or been removed or whose term of office
has expired or is about to expire until the person has requested and
received from that auditor a written statement of the circumstances
and the reasons why, in that auditor's opinion, the auditor is to be
replaced.
(8) Notwithstanding subsection (7), a person otherwise qualified
may accept appointment or consent to be appointed as auditor of a
cooperative if the person does not receive a reply within 15 days
after making the request referred to in that subsection.
2001 cC-28.1 s241;2022 c16 s3(91)