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S-31.1 - Business Corporations Act

Section 49
Disposition versions

Full text
49. Unless a class of shares includes one or more series of shares conferring different rights, the rights of the shareholders holding shares of that class are equal in all respects. The rights of the holders of shares of the same series are equal in all respects.
Unless otherwise provided in the articles, the rights of the shareholders holding shares of a class or series are equal in all respects to the rights of the shareholders holding shares of other classes or series.
The articles may provide that the shares of two or more classes or two or more series of the same class carry the same rights and restrictions.
2009, c. 52, s. 49.
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