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A-32 - Act respecting insurance

Section 56.1
Disposition versions

Full text
56.1. Every insurance company shall adopt a by-law to fix the aggregate amount of remuneration which may be paid to directors for a given period. No director may receive any remuneration as such before the by-law is adopted.
The by-law must be approved by the vote of not less than two-thirds in value of the shares represented by the shareholders present at a special meeting.
1984, c. 22, s. 25.
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