S-31.1, r. 2 - Regulation respecting shareholder proposals

Section 4 Disposition versions

2012-09-01

4. The period referred to in paragraph 1 of section 200 of the Business Corporations Act (chapter S-31.1) is 90 days before the expiry of 1 year after the date of the notice of meeting for the last annual meeting sent to the shareholders.

The period referred to in paragraph 4 of that section is 2 years.

The period referred to in paragraph 5 of that section is 5 years; the minimum amount of support referred to in that paragraph is, as the case may be,

(a)  3% of the total number of shares whose voting right was exercised, if the proposal was presented at only one annual shareholders meeting;

(b)  6% of the total number of shares whose voting right was exercised during the last presentation of the proposal to the holders, if the proposal was presented at 2 annual shareholders meetings;

(c)  10% of the total number of shares whose voting right was exercised during the last presentation of the proposal to the holders, if the proposal was presented at at least 3 annual shareholders meetings.

O.C. 909-2010, s. 4.