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Trust and Loan Companies Act

Version of section 160.04 from 2006-11-28 to 2022-06-22:

Marginal note:Mandatory solicitation

  •  (1) Subject to subsection 143(2) and subsection (2), the management of a company shall, concurrently with giving notice of a meeting of shareholders, send a form of proxy in prescribed form to each shareholder entitled to receive notice of the meeting.

  • Marginal note:Exception

    (2) The management of a company is not required to send a form of proxy under subsection (1) if the company

    • (a) is not a distributing company; and

    • (b) has 50 or fewer shareholders who are entitled to vote at a meeting, two or more joint holders of a share being counted as one shareholder.

  • 1997, c. 15, s. 348
  • 2005, c. 54, s. 393

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