Insurance Companies Act
Version of section 788 from 2022-06-23 to 2024-10-30:
Marginal note:Mandatory solicitation
788 (1) Subject to subsections (2) and 768(2), the management of an insurance holding company shall, concurrently with sending notice of a meeting of shareholders, send a form of proxy that is in accordance with the regulations 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
- 2022, c. 10, s. 226
- Date modified: