Bank of British Columbia Business Continuation Act (S.C. 1986, c. 47)

Marginal note:Special meeting

• 8 (1) The sale agreement shall be submitted to the shareholders of the Bank at a special meeting duly called for the purpose only of determining whether the shareholders approve the consideration obtained by the Bank for the assets sold to the purchasing bank.

• Marginal note:Notice of meeting

  (2) The directors of the Bank shall cause a copy of the sale agreement to be sent by registered mail to every shareholder of the Bank at his recorded address at least two weeks prior to the date of the meeting referred to in subsection (1), together with a notice of the time and place of the holding of the meeting and a management proxy circular.

• Marginal note:Resolution to be placed before shareholders

  (3) At the meeting of the shareholders a resolution shall be placed before the shareholders to approve the consideration obtained by the Bank.