Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
266 Reliance on information
acting as proxy for a shareholder of the company may rely on a
statement made in a declaration made pursuant to a bylaw under
section 265(1) and on their own knowledge of the circumstances
for the purposes of determining
(a) the residence of a person,
(b) who controls a body corporate, or
(c) any other circumstances relevant to the performance of their
duties under sections 256 to 263,
and the director or other person is not liable in any action for
anything done or omitted by the director or other person in good
faith in reliance on that statement or that knowledge.
1999 cI-5.1 s266
Subpart 5
Participating Policyholders