Acts and Regulations

B-9.1 - Business Corporations Act

Section 92
Disposition versions

Full text
Quorum and absence of quorum
92(1)Unless the articles, by-laws or a unanimous shareholder agreement otherwise provide, the holder or holders of the majority of the shares entitled to vote at a meeting of shareholders present in person or by proxy constitute a quorum.
92(2)If a quorum is present at the opening of a meeting of shareholders, the shareholders present in person or represented by proxy may, unless the articles, by-laws or a unanimous shareholder agreement otherwise provide, proceed with the business of the meeting, notwithstanding that a quorum is not present throughout the meeting.
92(3)If a quorum is not present at the opening of a meeting of shareholders, the shareholders present in person or represented in proxy may adjourn the meeting to a fixed time and place but not transact any other business.
92(4)If a corporation has only one shareholder, or only one holder of any class or series of shares, or if only one person is present at a meeting holding or representing sufficient shares to constitute a quorum, the shareholder present in person or by proxy constitutes a meeting.
2023, c.2, s.155
Quorum and absence of quorum
92(1)Unless the articles, by-laws or a unanimous shareholder agreement otherwise provide, the holder or holders of the majority of the shares entitled to vote at a meeting of shareholders present in person or by proxy constitute a quorum.
92(2)If a quorum is present at the opening of a meeting of shareholders, the shareholders present in person or represented by proxy may, unless the articles, by-laws or a unanimous shareholder agreement otherwise provide, proceed with the business of the meeting, notwithstanding that a quorum is not present throughout the meeting.
92(3)If a quorum is not present at the opening of a meeting of shareholders, the shareholders present in person or represented in proxy may adjourn the meeting to a fixed time and place but not transact any other business.
92(4)If a corporation has only one shareholder, or only one holder of any class or series of shares, or if only one person is present at a meeting holding or representing sufficient shares to constitute a quorum, the shareholder present in person or by proxy constitutes a meeting.