Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 146(3)

B-1.01 — Bank Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2012-12-19 to present available View Source
    If a quorum is not present at the opening of a meeting of shareholders,shareholders or members, the shareholders or members present maymay, adjournunless the by-laws otherwise provide, proceed with the business of the meeting toeven though a fixedquorum time and place but mayis not transactpresent anythroughout otherthe business.meeting.
    Full text

    If a quorum is present at the opening of a meeting of shareholders or members, the shareholders or members present may, unless the by-laws otherwise provide, proceed with the business of the meeting even though a quorum is not present throughout the meeting.

  2. 2003-01-01 to 2012-12-19 View Source

    If a quorum is not present at the opening of a meeting of shareholders, the shareholders present may adjourn the meeting to a fixed time and place but may not transact any other business.