Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
133 Calling shareholders' meeting
amount required under section 25, the directors of the company
must forthwith call a meeting of
(a) the shareholders of the comp any, in the case of a company
that is not a mutual provincial company, or
(b) the incorporators of the comp any, in the case of a mutual
provincial company.
(2) The shareholders or incorporators of a provincial company
must, by resolution at the meeting called pursuant to subsection (1),
(a) approve, amend or reject any bylaw made by the directors of
the company,
(b) elect directors to hold offi ce for a term expiring not later
than the close of the first annual meeting of shareholders
following the election or, in the case of a mutual provincial
company, not later than the close of the first annual meeting
of policyholders following the election, and
(c) appoint an auditor to hold office until the close of the first
annual meeting of shareholders or, in the case of a mutual
provincial company, until the close of the first annual
meeting of policyholders.
1999 cI-5.1 s133