Bank Act

Marginal note:Notice of meeting

• 138 (1) Notice of the time and place of a meeting of shareholders of a bank shall be sent not less than twenty-one days or more than fifty days before the meeting

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

  • (b) to each director; and

  • (c) to the auditor or auditors of the bank.

• Marginal note:Number of eligible votes

  (1.1) A bank with equity of five 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

  (2) In addition to the notice required under subsection (1), where any class of shares of a bank 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 is situated and in each place in Canada where the bank has a transfer agent or where a transfer of the bank’s shares may be recorded.