C-38 - Companies Act

Section 123.40 Disposition versions

1981-02-16

123.40. The share capital of a company must include shares giving the right

(1)  to vote at all meetings of the shareholders,

(2)  to receive any declared dividend, and

(3)  to share the residual assets at the winding-up of the company.

The rights need not be attached to shares of the same class.

1979, c. 31, s. 27; 1980, c. 28, s. 14.

1980-01-30

123.40. A director who is to be removed must be informed of the place, date and time of the meeting within the same period as that provided for calling the meeting contemplated in section 123.38.

He may attend the meeting and be heard or, in a written statement read by the chairman of the meeting, give the reasons why he opposes the resolution proposing his removal.

1979, c. 31, s. 27.