Marginal note:Court review of election
155 (1) A bank or any of its shareholders, members or directors may apply to a court to resolve any dispute in respect of the election or appointment of a director or an auditor of the bank.
Marginal note:Powers of court
(2) On an application under subsection (1), a court may make any order it thinks fit including, without limiting the generality of the foregoing,
(a) an order restraining a director or auditor whose election or appointment is challenged from acting pending determination of the dispute;
(b) an order declaring the result of the disputed election or appointment;
(c) an order requiring a new election or appointment, and including in the order directions for the management of the business and affairs of the bank until a new election is held or the new appointment is made;
(d) an order determining the voting rights of shareholders and of persons claiming to own shares; and
(e) an order determining the voting rights of members and of persons claiming to be members.
- 1991, c. 46, s. 155
- 2010, c. 12, s. 1965
- Date modified: