For CNCA (and
possibly ONCA after delayed proclamation
of rights of non-voting members) non-voting
members, as well as each separate class of voting members will be given voting rights in certain circumstances, e.g.,
Extraordinary
sale
Amalgamation
Continuance to another
jurisdiction
Change
to any rights or conditions attached to those non-voting members or a
change in the rights of other classes of members relative to
the rights of the non-voting members
Thus a class of
members could reject a change - effectively resulting in a class veto (limited opt-out available)
Corporations
wanting maximum flexibility will generally opt to have only one class of members