The first directors shall be elected by the general organizational meeting. During the life of the
cooperative, directors shall be elected by the ordinary general meeting.
However, in the event of a merger, the extraordinary general meeting may elect new directors.
Any election made in violation of the provisions of this Article shall be null and void.
Paragraph 2: Directors’ term of office
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 74
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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