100.1(1)Despite any provisions under this Part, directors are exempted from the requirements to place financial statements described in subsection 100(1) before the shareholders at an annual meeting for a specific year
(a)
if all of the shareholders of the corporation, whether or not their shares carry the right to vote, resolve by a resolution passed unanimously to exempt the directors from the requirements, or
(b)
if an order of the Court exempts the directors from some or all of the requirements, to the extent and terms the Court considers appropriate.
100.1(2)An exemption referred to in subsection (1) may be given before, on or after the date on which financial statements are required to be placed before the shareholders and is effective for those financial statements only.