Part 6 — Proxies
149 Attendance at meeting
proxy holder must
(a) attend the meeting in respect of which the proxy is given, or
cause an alternate proxy holder to attend it, and
(b) comply with the directions of the investment shareholder
who appointed the proxy holder.
(2) A proxy holder or an alternate proxy holder has the same rights
as the investment shareholder who appointed the proxy holder
(a) to speak at a meeting of inv estment shareholders in respect
of any matter,
(b) to vote by way of ballot at the meeting, and
(c) unless the proxy holder or alternate proxy holder has
conflicting instructions from more than one investment
shareholder, to vote at the meeting in respect of any matter
by show of hands or any telephonic, electronic or other
communication method that the cooperative has made
available for that purpose.
(3) Notwithstanding subsections (1) and (2), if the chair of a
meeting of investment shareholders declares to the meeting that, if
a ballot is conducted, the total number of votes attached to
investment shares represented at the meeting by proxy required to
be voted against what to the knowledge of the chair will be the
decision of the meeting in relation to any matter or group of
matters is less than 5% of all the votes that might be cast by
investment shareholders present in person or represented by proxy
at the meeting on the ballot, unless an investment shareholder or
proxy holder demands a ballot,
(a) the chair may conduct the v ote in respect of that matter or
group of matters by a show of hands, and
(b) unless the proxy holder or alternate proxy holder has
conflicting instructions from more than one investment
shareholder, a proxy holder or alternate proxy holder may
vote in respect of that matter or group of matters by show of
hands or any telephonic, electronic or other communication
method that the cooperative has made available for that
purpose.
2001 cC-28.1 s149;2021 c3 s4;2022 c16 s3(32)