Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 727 from 2007-04-20 to 2012-05-23:

Marginal note:Notice of meeting

  •  (1) Notice of the time and place of a meeting of shareholders of a bank holding company shall be sent within the prescribed period to

    • (a) each shareholder entitled to vote at the meeting;

    • (b) each director;

    • (c) the auditor of the bank holding company; and

    • (d) the Superintendent.

  • Marginal note:Exception

    (1.1) In the case of a bank holding company that is not a distributing bank holding company, notice may be sent within any shorter period specified in its by-laws.

  • Marginal note:Number of eligible votes

    (2) A bank holding company with equity of eight billion dollars or more shall set out in the notice of a meeting the number of eligible votes, as defined under subsection 156.09(1), that may be cast at the meeting as of the record date for determining those shareholders entitled to receive the notice of meeting, or if there are to be separate votes of shareholders at the meeting, the number of eligible votes, as defined in that subsection, in respect of each separate vote to be held at the meeting.

  • Marginal note:Publication in newspaper

    (3) In addition to the notice required under subsection (1), where any class of shares of a bank holding company is publicly traded on a recognized stock exchange in Canada, notice of the time and place of a meeting of shareholders shall be published once a week for at least four consecutive weeks before the date of the meeting in a newspaper in general circulation in the place where the head office of the bank holding company is situated and in each place in Canada where the bank holding company has a transfer agent or where a transfer of the bank holding company’s shares may be recorded.

  • 2001, c. 9, s. 183
  • 2005, c. 54, s. 93
  • 2007, c. 6, s. 132
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