Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 168(1)(h)

B-1.01 — Bank Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2012-05-24 to present available View Source
    the number of directors required by the by-laws may be decreased only if the number of votes cast in favour of a motion to decrease the number of directors is greater than the product of the number of directors required by the by-laws and the number of votes cast against the motion.
    Full text

    the number of directors required by the by-laws may be decreased only if the number of votes cast in favour of a motion to decrease the number of directors is greater than the product of the number of directors required by the by-laws and the number of votes cast against the motion.

  2. 2006-04-27 to 2012-05-24 View Source
    the number of directors required by the by-laws may not be decreased only if the number of votes cast againstin thefavour of a motion to decrease would be sufficient to elect a director and those votes could be voted cumulatively at an election at which the same total number of votesdirectors wereis castgreater andthan the sameproduct of the number of directors required by the by-laws wereand thenthe beingnumber elected.of votes cast against the motion.
    Full text

    the number of directors required by the by-laws may be decreased only if the number of votes cast in favour of a motion to decrease the number of directors is greater than the product of the number of directors required by the by-laws and the number of votes cast against the motion.

  3. 2003-01-01 to 2006-04-27 View Source

    the number of directors required by the by-laws may not be decreased if the votes cast against the motion to decrease would be sufficient to elect a director and those votes could be voted cumulatively at an election at which the same total number of votes were cast and the same number of directors required by the by-laws were then being elected.