—(1) The trustee-manager of a registered business trust shall cause —
minutes of all proceedings of general meetings of the unitholders of the registered business trust to be entered in books kept for that purpose within one month of the date upon which the relevant meeting was held; and
those minutes to be signed by the chairman of the meeting at which the proceedings were had or by the chairman of the next succeeding meeting.
(2) Any minutes so entered that purports to be signed as provided in subsection (1) shall be evidence of the proceedings to which they relate, unless the contrary is proved.
(3) Where minutes have been so entered and signed, then, until the contrary is proved —
the meeting shall be deemed to have been duly held and convened; and
all proceedings had thereat shall be deemed to have been duly had.
(4) Any trustee-manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.
[Companies 1994 Ed., s. 188]