Disclosure of information to shareholders or directors
2022, c.16, s.7
99.5(1)Shareholders of a corporation or directors of a corporation may, on sending to the corporation an affidavit referred to in subsection (2), require the corporation or its agent to provide, within 10 days after the receipt of the affidavit, a list made up to a date not more than 10 days before the date of receipt of the affidavit setting out
(a)
the name and last known address of each individual with significant control over the corporation, and
(b)
a description of how each individual is an individual with significant control over the corporation, including a description of their interests and rights in respect of shares of the corporation.
99.5(2)The affidavit under subsection (1) shall contain
(a)
the name and address of the applicant,
(b)
the name and address for service of the body corporate, if the applicant is a body corporate, and
(c)
a statement that any information obtained under subsection (1) will not be used except as permitted under this Act.
99.5(3)A list obtained under this section shall not be used by any person except in connection with
(a)
an effort to influence the voting of shareholders of the corporation,
(b)
an offer to acquire shares of the corporation, or
(c)
any other matter relating to the affairs of the corporation.
99.5(4)A person that violates or fails to comply with subsection (1) commits an offence punishable under Part 2 of the
Provincial Offences Procedure Act as a category F offence.
99.5(5)A person that violates or fails to comply with subsection (3) commits an offence punishable under Part 2 of the
Provincial Offences Procedure Act as a category G offence.
2022, c.16, s.7; 2023, c.2, s.73; 2023, c.2, s.155