Notice to shareholders or directors
177(1)A notice or document required by this Act, the regulations, the articles or the by-laws to be sent to a shareholder or director of a corporation may be sent by prepaid mail addressed to, or may be delivered personally to,
(a)
the shareholder at his latest address as shown in the records of the corporation or its transfer agent; or
(b)
the director at his latest address as shown in the records of the corporation or in the last notice filed under section 64 or 71.
177(2)A director named in a notice sent by a corporation to the Director under section 64 or 71 and filed by the Director is presumed for the purposes of this Act to be a director of the corporation referred to in the notice.
177(3)A notice or document sent in accordance with subsection (1) to a shareholder or director of a corporation shall be deemed to be received by him at the time it would be delivered in the ordinary course of mail unless there are reasonable grounds for believing that the shareholder or director did not receive the notice or document at that time or at all.
177(4)If a corporation sends a notice or document to a shareholder in accordance with subsection (1) and the notice or document is returned on two consecutive occasions because the shareholder cannot be found, the corporation is not required to send any further notices or documents to the shareholder until the shareholder informs the corporation in writing of their new address.
2023, c.2, s.121; 2023, c.2, s.155