Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
287 Resolution instead of meeting
under section 326 or by an auditor under section 379(1),
(a) a resolution in writing signed by all the participating
policyholders and shareholders entitled to vote on that
resolution at a meeting of participating policyholders or
shareholders is as valid as if it had been passed at a meeting
of the participating policyholders or shareholders, and
(b) a resolution in writing dealing with all matters required by
this Act to be dealt with at a meeting of participating
policyholders or shareholders, and signed by all the
participating policyholders and shareholders entitled to vote
at that meeting, satisfies all the requirements of this Act
relating to meetings of participating policyholders or
shareholders.
(2) A copy of every resolution referred to in subsection (1) must be
kept with the minutes of the meetings of participating policyholders
or shareholders.
1999 cI-5.1 s287