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Bank Act

Version of section 149 from 2012-12-19 to 2024-03-06:


Marginal note:Representative of shareholder or member

  •  (1) If an entity is a shareholder or member of a bank, the bank must recognize any natural person authorized by a resolution of the directors or governing body or similar authority of the entity to represent it at meetings of shareholders or members of the bank.

  • Marginal note:Powers

    (2) A natural person authorized under subsection (1) to represent an entity may exercise on behalf of the entity all the powers the entity could exercise if it were a natural person as well as a shareholder or member.

  • 1991, c. 46, s. 149
  • 2010, c. 12, s. 1960

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