31. All the subscribers to such list, and those who afterwards enter their names as subscribers thereon, with the consent of the directors signified by a resolution of the board, under the hand of the president and under the seal of the company, shall be subject to all the liabilities and entitled to all the rights, benefits, privileges and advantages of original subscribers, as well with respect to the first works undertaken as to any extension or alteration thereof as aforesaid, and such list and the subscriptions thereon shall thenceforth be deemed part and parcel of the original undertaking.
R. S. 1964, c. 96, s. 31; 1999, c. 40, s. 72.