C-14.1 - Railway Act

Section 56 Disposition versions

1999-10-22

56. Division I of Chapter XVIII of the Companies Act (chapter C‐38) applies from 17 December 1993 to all railway companies with share capital constituted by an Act.

Where a company’s existence is continued, the Act under which it was constituted as a legal person ceases to have effect from the date appearing on the certificate of continuance issued under section 123.136 of the Companies Act.

If any company referred to in the first paragraph has not obtained such a certificate of continuance by 1 July 1994, the company shall be governed by Part I of the said Act and the Act under which it was constituted as a legal person shall cease to have effect on 1 July 1994, except for the provisions relating to the head office, the board of directors, the purposes and the share capital.

1993, c. 75, s. 56; 1999, c. 40, s. 47.

1993-12-17

56. Division I of Chapter XVIII of the Companies Act (chapter C-38) applies from 17 December 1993 to all railway companies with share capital constituted by an Act.

Where a company’s existence is continued, the Act under which it was incorporated ceases to have effect from the date appearing on the certificate of continuance issued under section 123.136 of the Companies Act.

If any company referred to in the first paragraph has not obtained such a certificate of continuance by 1 July 1994, the company shall be governed by Part I of the said Act and the Act under which it was incorporated shall cease to have effect on 1 July 1994, except for the provisions relating to the head office, the board of directors, the purposes and the share capital.

1993, c. 75, s. 56.