A-32 - Act respecting insurance

Section 91 Disposition versions

2003-02-12

91. The company may, by by-law, determine the minimum or maximum number of directors. In no case, however, may the minimum number of directors be less than seven.

The by-law must be approved by the vote of not less than two-thirds of the members present at a special meeting.

A majority of directors must be resident in Québec.

1974, c. 70, s. 91; 1984, c. 22, s. 33; 2002, c. 70, s. 40.

1984-06-20

91. The company may, by by-law, determine the minimum or maximum number of directors. In no case, however, may the minimum number of directors be less than seven.

The by-law must be approved by the vote of not less than two-thirds of the members present at a special meeting.

Three-quarters of the directors must be Canadian citizens and the majority of them must reside in Québec.

1974, c. 70, s. 91; 1984, c. 22, s. 33.

1977-12-31

91. The company shall have a board of not less than seven nor more than twenty-one directors, each of whom must be qualified to vote at the general meetings, either in his own right or as a director or officer of a corporation qualified to vote at the said meetings.

Three-quarters of the directors must be Canadian citizens and the majority of them must reside in Québec.

1974, c. 70, s. 91.