70(1)The shareholders of a corporation may amend the articles or by-laws to increase or, subject to subsection (2), to decrease the number of directors, or the minimum or maximum number of directors, but no decrease shall shorten the term of an incumbent director.

70(2)To the extent that subsection 65(1) applies to a corporation, the number of directors required by the articles or under section 60 may not be decreased if the votes cast against the motion to decrease would be sufficient to elect a director and the votes could be voted in accordance with subsection 65(1) at an election at which the same total number of votes were cast and the number or the minimum number of directors required by the articles or under section 60 were then being elected.

70(1)The shareholders of a corporation may amend the articles or by-laws to increase or, subject to subsection (2), to decrease the number of directors, or the minimum or maximum number of directors, but no decrease shall shorten the term of an incumbent director.

70(2)The number of directors required by the articles or under section 60 may not be decreased if the votes cast against the motion to decrease would be sufficient to elect a director and such votes could be voted in accordance with subsection 65(1) at an election at which the same total number of votes were cast and the number of directors required by the articles or under section 60 were then being elected.