Insurance Companies Act
Marginal note:Meeting called by court
160 (1) A court may order a meeting of shareholders or policyholders of a company to be called, held and conducted in such manner as the court directs where
(a) it is impracticable to call the meeting in the manner in which it is otherwise to be called;
(b) it is impracticable to conduct the meeting in the manner required by the by-laws and this Act; or
(c) the court thinks fit to make the order for any other reason.
Marginal note:Who may apply for the order
(1.1) The court may make that order on the application of
(a) the Superintendent;
(b) a director; or
(c) a shareholder or policyholder entitled to vote at the meeting.
Marginal note:Varying quorum
(2) Without restricting the generality of subsection (1), a court may order that the quorum required by the by-laws or this Act be varied or dispensed with at a meeting called, held and conducted pursuant to this section.
Marginal note:Valid meeting
(3) A meeting called, held and conducted pursuant to this section is for all purposes a meeting of shareholders or policyholders of the company duly called, held and conducted.
- 1991, c. 47, s. 160
- 1997, c. 15, s. 196
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