Government of Canada / Gouvernement du Canada
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Insurance Companies Act

Version of section 788 from 2006-11-28 to 2022-06-22:

Marginal note:Mandatory solicitation

  •  (1) Subject to subsection 768(2) and subsection (2), the management of an insurance holding company shall, at the same time as they send notice of a meeting of shareholders, send a form of proxy in prescribed form to each shareholder entitled to receive notice of the meeting under section 767.

  • Marginal note:Exception

    (2) The management of an insurance holding company is not required to send a form of proxy under subsection (1) if the insurance holding company

    • (a) is not a distributing insurance holding company; and

    • (b) has 50 or fewer shareholders who are entitled to vote at a meeting, two or more joint holders of a share being counted as one shareholder.

  • 2001, c. 9, s. 465
  • 2005, c. 54, s. 323

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