Marginal note:Circulation of statement
175 (1) A bank shall without delay on receipt of a director’s statement referred to in subsection 174(1) relating to a matter referred to in paragraph 174(1)(b) or (c), or a director’s statement referred to in subsection 174(2), send a copy of it to each shareholder entitled to receive a notice of meetings and to the Superintendent, unless the statement is included in or attached to a management proxy circular required by subsection 156.05(1).
Marginal note:Immunity for statement
(2) No bank or person acting on its behalf incurs any liability by reason only of circulating a director’s statement in compliance with subsection (1).
- 1991, c. 46, s. 175
- 1997, c. 15, s. 17
- Date modified: