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Insurance Companies Act

Version of section 788 from 2003-01-01 to 2006-11-27:

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) If an insurance holding company has fewer than fifteen shareholders, the management of the insurance holding company is not required to send a form of proxy to the shareholders under subsection (1). For the purpose of this subsection, two or more joint shareholders are counted as one shareholder.

  • 2001, c. 9, s. 465
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