Marginal note:Proposing liquidation
343 (1) The voluntary liquidation and dissolution of a bank, other than a bank referred to in subsection 342(1),
(a) may be proposed by its directors;
(b) may, if the bank is not a federal credit union, be initiated by way of a proposal made by a shareholder who is entitled to vote at an annual meeting of shareholders in accordance with sections 143 and 144; or
(c) may, if the bank is a federal credit union, be initiated by way of a proposal made by a member in accordance with section 144.1.
Marginal note:Terms must be set out
(2) A notice of any meeting at which the voluntary liquidation and dissolution of a bank is to be proposed must set out the terms of the proposal.
- 1991, c. 46, s. 343
- 2010, c. 12, s. 2037
- Date modified: