Part 6 — Proxies
145 Appointing proxy holder
meeting of investment shareholders may appoint a proxy holder or
one or more alternate proxy holders, who are not required to be
investment shareholders, to attend and act at the meeting in the
manner and to the extent authorized by the proxy and with the
authority conferred by the proxy.
(2) For a proxy to be valid, it must be executed by the investment
shareholder or by a legal representative of the investment
shareholder authorized in writing.
(3) A proxy is valid only at the meeting in respect of which it is
given or at any continuation of that meeting.
(4) An investment shareholder may revoke a proxy
(a) by depositing a document in writing executed by the
investment shareholder or by a legal representative of the
investment shareholder authorized in writing
(i) at the registered office of the cooperative at any time up
to and including the last business day before the day of
the meeting or continuation of the meeting at which the
proxy is to be used, or
(ii) with the chair of the mee ting on the day of the meeting
or continuation of the meeting;
(b) in any other manner permitted by law.
(5) The directors may specify in a notice calling a meeting of
investment shareholders a time not more than 48 hours, excluding
Saturdays and holidays, before the meeting or the continuation of
the meeting before which proxies to be used at the meeting must be
deposited with the cooperative or its agent.