13.1(1)If a company without capital stock has only one class of membership, the rights of those members are equal in all respects and include the right to vote at any meeting of the members of the company.
13.1(2)The letters patent, supplementary letters patent or by-laws may provide for more than one class of membership and, if they so provide,
(a)
the terms and conditions applicable to each class shall be set out in the letters patent, supplementary letters patent or by-laws, as the case may be, and
(b)
the right to vote under subsection (1) shall be attached to at least one class, having at least three members.
13.1(3)Where a company has more than one class of membership, the letters patent, supplementary letters patent or by-laws may provide that a class of membership
(a)
has the right to elect or appoint a specified number of directors, or
(b)
has the exclusive right to elect or appoint directors.
13.1(4)No by-law made under this section is effective until it has been confirmed by at least two-thirds of the votes cast at a general or special meeting of the members duly called for considering the by-law.
13.1(1)If a company without capital stock has only one class of membership, the rights of those members are equal in all respects and include the right to vote at any meeting of the members of the company.
13.1(2)The letters patent, supplementary letters patent or by-laws may provide for more than one class of membership and, if they so provide,
(a)
the terms and conditions applicable to each class shall be set out in the letters patent, supplementary letters patent or by-laws, as the case may be, and
(b)
the right to vote under subsection (1) shall be attached to at least one class, having at least three members.
13.1(3)Where a company has more than one class of membership, the letters patent, supplementary letters patent or by-laws may provide that a class of membership
(a)
has the right to elect or appoint a specified number of directors, or
(b)
has the exclusive right to elect or appoint directors.
13.1(4)No by-law made under this section is effective until it has been confirmed by at least two-thirds of the votes cast at a general or special meeting of the members duly called for considering the by-law.