SS · Business Corporations Act
Part 12 — Proxies
149 Mandatory solicitation
that is not a private issuer within the meaning of the Securities Act
shall, concurrently with giving notice of a meeting of shareholders,
send a form of proxy in the form required by the Registrar to each
shareholder who is entitled to receive notice of the meeting.
(2) The management of a corporation that is not a private issuer
within the meaning of the Securities Act is not required to send a
form of proxy under subsection (1)
(a) repealed 2005 c8 s35,
(b) if all of the shareholder s entitled to vote at a meeting of
shareholders have agreed in writing to waive the application
of subsection (1).
(3) A shareholder may revoke a waiver given under subsection
(2)(b) in respect of any meeting of shareholders by sending to the
corporation a notice in writing to that effect not less than 40 days
before the date of the meeting in respect of which the waiver was
given.
(4) If the management of a corporation, without reasonable cause,
contravenes subsection (1), the corporation is guilty of an offence
and liable to a fine of not more than $5000.
(5) If a corporation contravenes subsection (1), then, whether or
not the corporation has been prosecuted or convicted in respect of
that contravention, any director or officer of the corporation who
knowingly authorizes, permits or acquiesces in the contravention is
also guilty of an offence and liable to a fine of not more than $5000
or to imprisonment for a term of not more than 6 months or to both.
RSA 2000 cB-9 s149;2005 c8 s35;2021 c18 s72