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Meetings and Proposals (Banks and Bank Holding Companies) Regulations

Version of section 12 from 2012-12-19 to 2024-06-11:


 For the purposes of paragraph 151(6)(a) and subsection 740(5) of the Act, when a vote is held at a meeting, the voting may be carried out by means of a telephonic, electronic or other communication facility if the facility

  • (a) enables the votes to be gathered in a manner that permits their subsequent verification; and

  • (b) permits the tallied votes to be presented to the bank or the bank holding company without it being possible for the bank or the bank holding company to identify how each shareholder, member, group of shareholders or group of members voted.

  • SOR/2012-269, s. 22

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