20. Upon due proof so made the Government may, after having obtained the opinion of the enterprise registrar, confirm the by-law, and a notice to that effect shall be forthwith deposited by the enterprise registrar in the register; and, from the date of deposit, the capital stock of the company shall be increased or reduced to the amount, in the manner and subject to the conditions set forth in such by-law; and the whole of the stock, as so increased or reduced, shall become subject to the provisions of the Act constituting the company as a legal person, in like manner, so far as may be, as though every fraction thereof had formed part of the stock originally subscribed.
R. S. 1964, c. 275, s. 19; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 213; 1993, c. 48, s. 435; 1999, c. 40, s. 214; 2002, c. 45, s. 547.