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Insurance Companies Act

Version of section 157 from 2003-01-01 to 2006-11-27:

Marginal note:Voting by hands or ballot

  •  (1) Unless the by-laws otherwise provide, voting at a meeting of shareholders or policyholders shall take place by show of hands except when a ballot is demanded by a shareholder, policyholder or proxyholder entitled to vote at the meeting.

  • Marginal note:Ballot

    (2) A shareholder, policyholder or proxyholder may demand a ballot either before or after any vote by show of hands.

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