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C-38 - Companies Act

Section 53
Disposition versions

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53. (1)  Every shareholder shall, without payment, be entitled to a certificate under the common seal of the company, stating the number of shares held by him and the amount paid up thereon; but, in respect of a share or shares held jointly by several persons, the company shall not be bound to issue more than one certificate.
(2)  The certificate shall be primafacie evidence of title of the shareholder to the shares mentioned in it.
(3)  If a share certificate be defaced, lost or destroyed, it may be renewed on payment of such fee, if any, not exceeding $0.25 and on such terms, if any, as to evidence and indemnity, as the directors think fit.
R. S. 1964, c. 271, s. 50.
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