58.1(1)The chair and other members of the board of directors of the New Brunswick Credit Union Deposit Insurance Corporation are entitled to be paid the remuneration fixed in accordance with the by-laws of the Commission.

58.1(2)The chair and other members of the board of directors of the New Brunswick Credit Union Deposit Insurance Corporation are entitled to be paid those travelling, living and other expenses reasonably incurred by them in the performance of their duties that are fixed in accordance with the by-laws of the Commission.

58.1(3)A by-law referred to in subsection (1) is effective only if it has been approved by the Minister.