S-31.1 - Business Corporations Act

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198. A shareholder proposal may include nominations for the election of directors if the proposal is signed by one or more holders of shares representing not less than 5% of the shares or 5% of the shares of a class of shares of the corporation that carry the right to vote at the shareholders meeting to which the proposal is to be presented.
This section does not preclude other nominations at the meeting.
2009, c. 52, s. 198.