Acts and Regulations

B-9.1 - Business Corporations Act

Section 96
Disposition versions

Full text
Meeting called by shareholders
96(1)The holders of not less than ten per cent of the issued shares of a corporation that carry the right to vote at a meeting sought to be held may requisition the directors to call a meeting of shareholders for the purposes stated in the requisition.
96(2)The requisition referred to in subsection (1), which may consist of several documents of like form each signed by one or more shareholders, shall state the business to be transacted at the meeting and shall be sent to each director and to the registered office of the corporation.
96(3)Upon receiving the requisition referred to in subsection (1), the directors shall call a meeting of shareholders to transact the business stated in the requisition, unless
(a) a record date has been fixed under subsection 86(2);
(b) the directors have called a meeting of shareholders and have given notice thereof under section 87; or
(c) the business of the meeting as stated in the requisition includes matters described in paragraphs 89(5)(b) to (e).
96(4)Except where subsection (3) applies, if the directors do not within twenty-one days after receiving the requisition referred to in subsection (1) call a meeting, any shareholder who signed the requisition may call the meeting.
96(5)A meeting called under this section shall be called as nearly as possible in the manner in which meetings are to be called pursuant to the by-laws and this Part.
96(6)Unless the requisitionists have not acted in good faith and in the interest of shareholders, the corporation shall
(a) reimburse the requisitionists the expenses reasonably incurred by them in requisitioning, calling and holding the meeting, and
(b) withhold rateably the amount the requisitionists were reimbursed from money due or to become due by way of fees or other remuneration to each director who was in default in not calling the meeting.
2023, c.2, s.69; 2023, c.2, s.155
Meeting called by shareholders
96(1)The holders of not less than ten per cent of the issued shares of a corporation that carry the right to vote at a meeting sought to be held may requisition the directors to call a meeting of shareholders for the purposes stated in the requisition.
96(2)The requisition referred to in subsection (1), which may consist of several documents of like form each signed by one or more shareholders, shall state the business to be transacted at the meeting and shall be sent to each director and to the registered office of the corporation.
96(3)Upon receiving the requisition referred to in subsection (1), the directors shall call a meeting of shareholders to transact the business stated in the requisition, unless
(a) a record date has been fixed under subsection 86(2);
(b) the directors have called a meeting of shareholders and have given notice thereof under section 87; or
(c) the business of the meeting as stated in the requisition includes matters described in paragraphs 89(5)(b) to (e).
96(4)Except where subsection (3) applies, if the directors do not within twenty-one days after receiving the requisition referred to in subsection (1) call a meeting, any shareholder who signed the requisition may call the meeting.
96(5)A meeting called under this section shall be called as nearly as possible in the manner in which meetings are to be called pursuant to the by-laws and this Part.
96(6)Unless the shareholders otherwise resolve at a meeting called by requisitionists under subsection (4), the corporation shall
(a) reimburse the requisitionists the expenses reasonably incurred by them in requisitioning, calling and holding the meeting, and
(b) withhold rateably the amount the requisitionists were reimbursed from money due or to become due by way of fees or other remuneration to each director who was in default in not calling the meeting.
Meeting called by shareholders
96(1)The holders of not less than ten per cent of the issued shares of a corporation that carry the right to vote at a meeting sought to be held may requisition the directors to call a meeting of shareholders for the purposes stated in the requisition.
96(2)The requisition referred to in subsection (1), which may consist of several documents of like form each signed by one or more shareholders, shall state the business to be transacted at the meeting and shall be sent to each director and to the registered office of the corporation.
96(3)Upon receiving the requisition referred to in subsection (1), the directors shall call a meeting of shareholders to transact the business stated in the requisition, unless
(a) a record date has been fixed under subsection 86(2);
(b) the directors have called a meeting of shareholders and have given notice thereof under section 87; or
(c) the business of the meeting as stated in the requisition includes matters described in paragraphs 89(5)(b) to (e).
96(4)Except where subsection (3) applies, if the directors do not within twenty-one days after receiving the requisition referred to in subsection (1) call a meeting, any shareholder who signed the requisition may call the meeting.
96(5)A meeting called under this section shall be called as nearly as possible in the manner in which meetings are to be called pursuant to the by-laws and this Part.
96(6)Unless the shareholders otherwise resolve at a meeting called by requisitionists under subsection (4), the corporation shall
(a) reimburse the requisitionists the expenses reasonably incurred by them in requisitioning, calling and holding the meeting, and
(b) withhold rateably the amount the requisitionists were reimbursed from money due or to become due by way of fees or other remuneration to each director who was in default in not calling the meeting.