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C-38 - Companies Act

Section 123.41
Disposition versions

Full text
123.41. Except where provided to the contrary in the articles, the rights mentioned in section 123.40 attach to every share.
If a right under this section is attached to no issued share, every restriction to that right has no effect until a share is issued to which the right affected by that restriction is attached.
1979, c. 31, s. 27; 1980, c. 28, s. 14.
123.41. A decrease in the number of directors does not entail a reduction of the term of office of the directors then in office.
1979, c. 31, s. 27.
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