Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors
67 Resignation statement
(a) resigns,
(b) receives a notice or other wise learns of a meeting of
members called for the purpose of removing the director
from office, or
(c) receives a notice or other wise learns of a meeting of
directors or members at which another person is to be
elected or appointed to fill the office of director, whether
because of resignation or removal or because the director's
term of office has expired or is about to expire,
is entitled to submit to the cooperative a written statement giving
the reasons for the resignation or the reasons why the director
opposes any proposed action or resolution.
(2) When the cooperative receives a written statement from a
director giving reasons why the director opposes any proposed
action or resolution, it must ensure that a copy of the statement is
given or sent without delay, in the same way in which a notice of
meeting is given or sent pursuant to the regulations, to every person
who is entitled to receive notice of the meeting.
(3) No cooperative or person acting on its behalf incurs any
liability by reason only of circulating a director's statement to
comply with subsection (2).