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A-32 - Act respecting insurance
Section 200.0.5
Disposition versions
Not in force
200.0.5. After a decision in favour of demutualization is made by the board of directors, a demutualization plan must be approved by at least two-thirds of the votes cast by the members and at least two-thirds of the votes cast by participating policyholders, at a special meeting pertaining to
(1) the demutualization proposal to be submitted to the Minister;
(2) the articles of demutualization;
(3) the proposed by-laws of the company resulting from the demutualization.
