Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Insurance Companies Act

Version of section 160 from 2003-01-01 to 2006-11-27:


Marginal note:Meeting called by court

  •  (1) A court may order a meeting of shareholders or policyholders of a company to be called, held and conducted in such manner as the court directs where

    • (a) it is impracticable to call the meeting in the manner in which it is otherwise to be called;

    • (b) it is impracticable to conduct the meeting in the manner required by the by-laws and this Act; or

    • (c) the court thinks fit to make the order for any other reason.

  • Marginal note:Who may apply for the order

    (1.1) The court may make that order on the application of

    • (a) the Superintendent;

    • (b) a director; or

    • (c) a shareholder or policyholder entitled to vote at the meeting.

  • Marginal note:Varying quorum

    (2) Without restricting the generality of subsection (1), a court may order that the quorum required by the by-laws or this Act be varied or dispensed with at a meeting called, held and conducted pursuant to this section.

  • Marginal note:Valid meeting

    (3) A meeting called, held and conducted pursuant to this section is for all purposes a meeting of shareholders or policyholders of the company duly called, held and conducted.

  • 1991, c. 47, s. 160
  • 1997, c. 15, s. 196

Date modified: