Marginal note:Vacancies
11 (1) Where a vacancy among the directors occurs, the directors shall cause a meeting of the members of the class represented by the director whose departure resulted in the vacancy to be held and the members of that class may, at that meeting, elect, from among the representatives named by the members of that class, a director to fill the vacancy for the remainder of the term of the director whose departure resulted in the vacancy.
Marginal note:Idem
(2) Where a meeting referred to in subsection (1) is called and there is no quorum or the meeting fails to elect a director to fill a vacancy among the directors, the Board may fill the vacancy but, in filling the vacancy, the Board shall elect a representative of a member of the class represented by the director whose departure from the Board resulted in the vacancy for the remainder of the term of that director.
- 1980-81-82-83, c. 40, s. 64
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