S-31.1 - Business Corporations Act

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89. Unless all the shareholders consent, whether or not their shares otherwise carry voting rights, a corporation that is not a reporting issuer must, within 30 days after acquiring by agreement any of its issued shares, notify its shareholders
(1)  of the number of shares it has acquired;
(2)  of the names of the shareholders from whom it has acquired the shares;
(3)  of the price paid for the shares;
(4)  if the consideration was not in money, of the nature of the consideration given and the value attributed to it; and
(5)  of the balance, if any, remaining due to shareholders from whom it acquired the shares.
A shareholder is entitled on request and without charge to a copy of the agreement under which the corporation has agreed to acquire, or has acquired, any of its own shares.
2009, c. 52, s. 89.