Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 344 from 2003-01-01 to 2012-12-18:

Marginal note:Shareholders’ resolution

 Where the voluntary liquidation and dissolution of a bank is proposed, the bank may apply to the Minister for letters patent dissolving the bank if authorized by a special resolution of the shareholders or, where the bank has issued more than one class of shares, by special resolution of each class of shareholders whether or not those shareholders are otherwise entitled to vote.

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