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S-29.01 - Act respecting trust companies and savings companies
Section 66
Disposition versions
66. For the purposes of sections 18 to 20 of the Act respecting the special powers of legal persons (chapter P-16), the Minister responsible for the administration of this Act has the powers vested in the Government for the confirmation of a by-law for increasing or reducing the capital stock. In addition, such a by-law must be approved by at least two-thirds of the votes given by the shareholders at a special meeting called for that purpose.
66. For the purposes of sections 18 to 20 of the Special Corporate Powers Act (chapter P-16), the Minister responsible for the administration of this Act has the powers vested in the Government for the confirmation of a by-law for increasing or reducing the capital stock. In addition, such a by-law must be approved by at least two-thirds of the votes given by the shareholders at a special meeting called for that purpose.
