Cooperative Credit Associations Act

Marginal note:Member list

• 154 (1) An association shall prepare a list, which may be in electronic form, of its members entitled to receive notice of a meeting under paragraph 146(1)(a), arranged in alphabetical order, which list must be prepared at the close of business on the day immediately preceding the day on which notice is given.

• Marginal note:Shareholder list

  (2) An association shall prepare a list, which may be in electronic form, of its shareholders entitled to receive notice of a meeting under paragraph 146(1)(b), arranged in alphabetical order and showing the number of shares held by each shareholder, which list must be prepared

  • (a) if a record date is fixed under subsection 145(2), not later than ten days after that date; or

  • (b) if no record date is fixed,

    • (i) at the close of business on the day immediately preceding the day on which the notice is given, or

    • (ii) where no notice is given, on the day on which the meeting is held.

• Marginal note:Effect of shareholder list

  (3) Where an association fixes a record date under subsection 145(2), a person named in the list prepared under paragraph (2)(a) is, subject to this Act, entitled to vote the shares shown opposite that person’s name at the meeting to which the list relates, except to the extent that

  • (a) the person has transferred the ownership of any of those shares after the record date, and

  • (b) the transferee of those shares

    • (i) produces properly endorsed share certificates, or

    • (ii) otherwise establishes that the transferee owns the shares,

    and demands, not later than ten days before the meeting or such shorter period before the meeting as the by-laws of the association provide, that the transferee’s name be included in the list before the meeting,

  in which case the transferee may vote those transferred shares at the meeting.

• Marginal note:Idem

  (4) Where an association does not fix a record date under subsection 145(2), a person named in the list prepared under paragraph (2)(b) is, subject to this Act, entitled to vote the shares shown opposite that person’s name at the meeting to which the list relates, except to the extent that

  • (a) the person has transferred the ownership of any of those shares after the date on which a list was prepared under subparagraph (2)(b)(i), and

  • (b) the transferee of those shares

    • (i) produces properly endorsed share certificates, or

    • (ii) otherwise establishes that the transferee owns the shares,

    and demands, not later than ten days before the meeting or such shorter period before the meeting as the by-laws of the association provide, that the transferee’s name be included in the list before the meeting,

  in which case the transferee may vote those transferred shares at the meeting.

• Marginal note:Examination of list

  (5) A member or shareholder of an association may examine a list referred to in subsection (1) or (2),

  • (a) during usual business hours at the head office of the association or at the place where its members register is maintained; and

  • (b) at the meeting for which the list was prepared.