123.131. This division applies to companies governed by Part I, excluding those to which another Act expressly declares Part I applicable.
It applies, however, to companies incorporated under the Mining Companies Act (chapter C-47) provided that
(1) they have no share issued at a discount rate that is outstanding at the time of the continuance;
(2) the shares issued at a discount rate are converted into shares without par value at the time of the continuance and that the paid-up capital on those shares are credited to the issued and paid-up share capital account;
(3) the shares issued at a discount rate have been converted into shares without par value or exchanged for such shares before the continuance.
1980, c. 28, s. 14; 1982, c. 26, s. 292; 1987, c. 5, s. 11.