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Bank Act

Version of section 741 from 2003-01-01 to 2006-11-27:


Marginal note:Resolution in lieu of meeting

  •  (1) Except where a written statement is submitted by a director under section 762 or by an auditor under subsection 853(1),

    • (a) a resolution in writing signed by all the shareholders entitled to vote on that resolution at a meeting of shareholders is as valid as if it had been passed at a meeting of the shareholders; and

    • (b) a resolution in writing dealing with all matters required by this Part to be dealt with at a meeting of shareholders, and signed by all the shareholders entitled to vote at that meeting, satisfies all the requirements of this Part relating to meetings of shareholders.

  • Marginal note:Filing resolution

    (2) A copy of every resolution referred to in subsection (1) shall be kept with the minutes of the meetings of shareholders.

  • 2001, c. 9, s. 183

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