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C-38 - Companies Act

Section 225
Disposition versions

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225. In applying to legal persons so created or continued under this Part those sections of Part I of this Act which apply to such legal persons,
(1)  the word “company” means a legal person so created or continued;
(2)  the word “shareholder” means a member of such a legal person;
(3)  a provision that the votes of shareholders representing a specified proportion in value of the stock of a company shall be requisite for any purpose, means that the votes of a like proportion in number of the members of the legal person are requisite for that purpose.
R. S. 1964, c. 271, s. 221; 1999, c. 40, s. 70; 2003, c. 18, s. 169.
225. In applying to legal persons so created under this Part those sections of Part I of this act which apply to such legal persons,
(1)  The word “company” means a legal person so created;
(2)  The word “shareholder” means a member of such a legal person;
(3)  A provision that the votes of shareholders representing a specified proportion in value of the stock of a company shall be requisite for any purpose, means that the votes of a like proportion in number of the members of the legal person are requisite for that purpose.
R. S. 1964, c. 271, s. 221; 1999, c. 40, s. 70.
225. In applying to corporations created under this Part those sections of Part I of this act which apply to such corporations,
(1)  The word “company” shall be deemed to mean a corporation so created;
(2)  The word “shareholder” shall be deemed to mean a member of such a corporation;
(3)  A provision that the votes of shareholders representing a specified proportion in value of the stock of a company shall be requisite for any purpose, shall be deemed to mean that the votes of a like proportion in number of the members of the corporation are requisite for that purpose.
R. S. 1964, c. 271, s. 221.
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