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C-38 - Companies Act

Section 123.2
Disposition versions

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123.2. A legal person controls another legal person if it holds, otherwise than as a creditor, shares giving it over 50% of the votes enabling it to elect the majority of the directors of the other legal person.
1979, c. 31, s. 27; 1980, c. 28, s. 14; 1999, c. 40, s. 70.
123.2. A corporation controls another corporation if it holds, otherwise than as a creditor, shares giving it over 50 % of the votes enabling it to elect the majority of the directors of the other corporation.
1979, c. 31, s. 27; 1980, c. 28, s. 14.
123.2. Companies which may be incorporated under Part I, except those which, under the law, may be incorporated only under Part I, may be incorporated under this Part.
1979, c. 31, s. 27.
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