Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
335 Quorum
constitutes a quorum at any meeting of directors or a committee of
directors and, despite any vacancy among the directors, a quorum
of directors may exercise all the powers of the directors.
(2) A quorum for a meeting of the directors is the greater of
(a) three directors, and
(b) a majority of the directors.
(3) A quorum for a meeting of a committee of the directors is a
majority of the directors comprising the committee.
(4) Despite subsections (2) and (3), there is no quorum unless
(a) at least one of the directors present at the meeting is not an
affiliated director as determined under section 314(4) and
(5), and
(b) at least 1/2 of the direct ors present at the meeting are
ordinarily resident in Canada.
(5) Any director present at a meeting of directors who is not
present at any particular time during the meeting for the purposes
of section 355(1) is considered as being present for the purposes of
this section.
1999 cI-5.1 s335
RSA 2000