Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
307 Duty of registrant
name of a registrant or registrant's nominee and that are not
beneficially owned by the registrant must not be voted unless the
registrant sends to the beneficial owner
(a) forthwith after receiving th em, a copy of the notice of the
meeting, annual statement, management proxy circular,
dissident's proxy circular and any other documents, other
than the form of proxy, that were sent to shareholders by or
on behalf of any person for use in connection with the
meeting, and
(b) a written request for voting instructions, except where the
registrant has already received written voting instructions
from the beneficial owner.
(2) A registrant must not vote or appoint a proxyholder to vote
shares of a provincial company registered in the registrant's name
or in the name of the registrant's nominee that the registrant does
not beneficially own unless the registrant receives voting
instructions from the beneficial owner.
(3) A person by or on behalf of whom a solicitation is made must,
at the request of a registrant, forthwith provide the registrant, at that
person's expense, with the necessary number of copies of the
documents referred to in subsection (1)(a).
(4) A registrant must vote or appoint a proxyholder to vote any
shares referred to in subsection (1) in accordance with any written
voting instructions received from the beneficial owner.
(5) If requested by a beneficial owner, a registrant must appoint
the beneficial owner or a nominee of the beneficial owner as
proxyholder.
RSA 2000
(6) The failure of a registrant to comply with any of subsections
(1) to (5) does not render void any meeting of participating
policyholders or shareholders or any action taken at the meeting.
(7) Nothing in this Subpart gives a registrant the right to vote
shares that the registrant is otherwise prohibited from voting.
1999 cI-5.1 s307