S-26 - Act respecting mineral exploration partnerships

Section 10 Disposition versions

1977-12-31

10. Shares must be paid for in cash unless payment therefor in kind or by services furnished to the partnership is agreed upon in writing, in which case the true value of the things furnished or of the services rendered must be established by receipts, accounts or other documents, supported by an affidavit taken before a justice of the peace, marked by him for identification and retained in the records of the partnership.

This section shall not permit payment, otherwise than in cash, of the initial subscription of $1 000.

R. S. 1964, c. 284, s. 10.