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C-67.3 - Act respecting financial services cooperatives

Section 49
Disposition versions

Full text
49. The financial services cooperative shall attest the issue of shares by issuing a certificate or by merely registering them in the securities register under section 133.
The certificate or register shall indicate, where applicable, the par value of the shares, the rights, preferences and restrictions attached to them and any special condition applicable to the redemption, repurchase, conversion or transfer of the shares.
The registration of a share in a book based system constitutes proof of ownership of the share.
2000, c. 29, s. 49; 2018, c. 23, s. 53.
49. The financial services cooperative shall attest the issue of shares by issuing a certificate or making an entry in a computerized register established by by-law.
The certificate or register shall indicate, where applicable, the par value of the shares, the rights, preferences and restrictions attached to them and any special condition applicable to the redemption, repurchase, conversion or transfer of the shares.
The registration of a share in a book based system constitutes proof of ownership of the share.
2000, c. 29, s. 49.
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