Acts and Regulations

2013, c.7 - Electricity Act

Full text
Dissent by directors
2021, c.42, s.2
2.32(1)A director who is present at a meeting of the board of directors of the Holding Corporation or of a committee of the board of directors shall be deemed to have consented to any resolution passed or action taken at the meeting unless
(a) the director requests that their dissent be, or their dissent is, entered in the minutes of the meeting,
(b) the director sends the director’s written dissent to the secretary of the meeting before the meeting is adjourned, or
(c) the director sends the director’s dissent by registered mail or delivers it to the head office of the Holding Corporation immediately after the meeting is adjourned.
2.32(2)A director who votes for or consents to a resolution is not entitled to dissent under subsection (1).
2021, c.42, s.2