Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
339 Dissent of director
meeting of directors or a committee of directors is deemed to have
consented to any resolution passed or action taken at that meeting
unless
(a) the director requests that th e director's dissent be entered or
the director's dissent is entered in the minutes of the
meeting,
RSA 2000
(b) the director sends a written dissent to the secretary of the
meeting before the meeting is adjourned, or
(c) the director sends the director's dissent by recorded mail or
delivers it to the head office of the company immediately
after the meeting is adjourned.
(2) A director of a provincial company who votes for or consents
to a resolution is not entitled to dissent under subsection (1).
(3) A director of a provincial company who is not present at a
meeting at which a resolution is passed or action taken is deemed to
have consented to the resolution or action taken unless, within 7
days after the director becomes aware of the resolution or action
taken, the director
(a) causes the director's dissent to be placed with the minutes of
the meeting, or
(b) sends the director's dissent by recorded mail or delivers it to
the head office of the company.
RSA 2000 cI-3 s339;2016 c23 s3