November 3rd

Notice of Special Meeting


TO:    MEMBERS OF SUNRISE CREDIT UNION LIMITED


TO:    CLASS A PREFERENCE SHAREHOLDERS OF SUNRISE CREDIT UNION 
          LIMITED


In accordance with The Credit Union and Caisses Populaires Act, a Special Meeting of Members and Class A Preference Shareholders will be held on November 23, 2017 at the Corporate Office of Sunrise Credit Union Limited (“Sunrise”) located at 2305 Victoria Avenue, Brandon, Manitoba.  Doors will open at 7:00 pm with the meeting to follow.

The purpose of the Special Meeting will be to consider proposed amendments to Sunrise Articles of Amalgamation (“Articles”) and Charter By-Laws (“By-Laws”), as last filed with the Registrar on May 1, 2017.  The intent of the proposed amendments is update Sunrise Articles and By-Laws to accord with current industry practice.

Member Vote

Each Member present is entitled to one vote.  The text of the proposed Special Resolution to be put before Members for approval by 2/3 majority vote is as follows:

MEMBERS

Special Resolution to Amend Articles and By-Laws

WHEREAS the Board of Directors of Sunrise Credit Union Limited has recommended the Articles of Amalgamation and Charter By-Laws, as last filed with the Registrar on May 1, 2017, be amended to accord with current industry practice.

APPROVE BY SPECIAL RESOLUTION:

1.    The amendments to Sunrise Articles of Amalgamation (“Articles”); and
2.    The amendments to Sunrise Charter By-Laws (“By-Laws”)

as last filed with the Registrar on May 1, 2017.

Class Vote
Because the amendments to Sunrise Articles will affect the rights of Class A Preference Shareholders, such Shareholders are entitled to vote separately as a class upon the proposal to amend the Articles.  The proposed amendments to the rights of Class A shareholders are non-prejudicial.

Each Class A Preference Share carries with it one vote.  The text of the proposed Special Resolution, to be put before Class A Preference Shareholders for approval by 2/3 majority vote, is as follows:

CLASS A PREFERENCE SHAREHOLDERS

Special Resolution to Amend Articles

WHEREAS the Board of Directors of Sunrise Credit Union Limited has recommended the Articles of Amalgamation, as last filed with the Registrar on May 1, 2017, be amended to accord with current industry practice.

APPROVE BY SPECIAL RESOLUTION the amendments to Sunrise Articles of Amalgamation.

Copies of the proposed amendments to Sunrise Articles and By-Laws are available for review at your local branch.  Please inquire with management.

DATED this 3rd day of November, 2017

SUNRISE CREDIT UNION LIMITED
By Order of the Board of Directors
 

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