Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
282 Changing policyholders' right to vote
company may make, amend or repeal any bylaw to change the
rights of participating policyholders to vote at meetings of
participating policyholders and shareholders.
(2) The directors must submit a bylaw, or an amendment to or a
repeal of a bylaw, that is made under subsection (1) to the
participating policyholders and shareholders, and the policyholders
RSA 2000
and shareholders may, by special resolution, confirm, amend or
reject the bylaw, amendment or repeal.
(3) A bylaw, or an amendment to or a repeal of a bylaw, made
under subsection (1) is not effective until it is
(a) confirmed or confirmed as amended by the participating
policyholders and shareholders under subsection (2), and
(b) approved by the Minister.
(4) Where a special resolution referred to in subsection (2) so
states, the directors may, before it is submitted to the Minister for
approval and without further approval of the participating
policyholders or shareholders, revoke the special resolution.
1999 cI-5.1 s282