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CCQ-1991 - Civil Code of Québec

Section 1134
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1134. Voting rights attached to shares or to other securities, to an undivided share, to a fraction of property held in co-ownership or to any other property belong to the usufructuary.
However, any vote having the effect of altering the substance of the principal property, such as share capital or property held in co-ownership, or of changing the destination of the property or terminating the legal person, enterprise or group concerned belongs to the bare owner.
The allocation of the exercise of voting rights may not be set up against third persons; it is discussed only between the usufructuary and the bare owner.
1991, c. 64, a. 1134; I.N. 2014-05-01.
1134. Voting rights attached to shares or to other securities, to an undivided share, to a fraction of a property held in co-ownership or to any other property belong to the usufructuary.
However, any vote having the effect of altering the substance of the principal property, such as the capital stock or property held in co-ownership, or of changing the destination of the property or terminating the legal person, enterprise or group concerned belongs to the bare owner.
The distribution of the exercise of the voting rights may not be set up against third persons; it is discussed only between the usufructuary and the bare owner.
1991, c. 64, a. 1134.
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