Marginal note:Calling shareholders’ meeting
46 (1) If at least five million dollars, or any greater amount that the Minister may specify, has been received by a bank in respect of which letters patent were issued under section 22 from the issue of its shares, the directors of the bank shall without delay call a meeting of the shareholders of the bank.
Marginal note:Meeting of shareholders
(2) The shareholders of a bank shall, by resolution at the meeting of shareholders called pursuant to subsection (1),
(a) approve, amend or reject any by-law made by the directors of the bank;
(b) subject to section 168, elect directors to hold office for a term expiring not later than the close of the third annual meeting of shareholders following the election; and
(c) appoint an auditor or auditors to hold office until the close of the first annual meeting of shareholders.
- 1991, c. 46, s. 46
- 2001, c. 9, s. 54
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