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Insurance Companies Act

Version of section 955 from 2003-01-01 to 2012-05-23:


Marginal note:Suspension of voting rights held by governments

 Notwithstanding section 775, where any voting shares of an insurance holding company are beneficially owned by

  • (a) Her Majesty in right of Canada or of a province or any agency of Her Majesty in either of those rights, or

  • (b) the government of a foreign country or any political subdivision thereof, or any agency thereof,

no person shall, in person or by proxy, exercise the voting rights attached to those shares.

  • 2001, c. 9, s. 465

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