Canada Business Corporations Regulations, 2001
46 For the purpose of subsection 137(1.1) and paragraph 261(1)(c.1) of the Act,
(a) the prescribed number of shares is the number of voting shares
(i) that is equal to 1% of the total number of the outstanding voting shares of the corporation, as of the day on which the shareholder submits a proposal, or
(ii) whose fair market value, as determined at the close of business on the day before the shareholder submits the proposal to the corporation, is at least $2,000; and
(b) the prescribed period is the six-month period immediately before the day on which the shareholder submits the proposal.
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