Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 176 from 2003-01-01 to 2012-12-18:

Marginal note:Shareholders filling vacancy

 The by-laws of a bank may provide that a vacancy among the directors is to be filled only

  • (a) by a vote of the shareholders; or

  • (b) by a vote of the holders of any class or series of shares having an exclusive right to elect one or more directors if the vacancy occurs among the directors elected by the holders of that class or series.

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