Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 343 from 2003-01-01 to 2012-12-18:

Marginal note:Proposing liquidation

  •  (1) The voluntary liquidation and dissolution of a bank, other than a bank referred to in subsection 342(1),

    • (a) may be proposed by its directors; or

    • (b) may be initiated by way of a proposal made by a shareholder who is entitled to vote at an annual meeting of shareholders in accordance with sections 143 and 144.

  • Marginal note:Terms must be set out

    (2) A notice of any meeting of shareholders at which the voluntary liquidation and dissolution of a bank is to be proposed shall set out the terms of the proposal.

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