R-2.2.1 - Act respecting the reduction of the share capital of legal persons established in the public interest and of their subsidiaries

Section 4 Disposition versions

1994-12-21

4. The request for the reduction of the share capital and repayment of capital becomes enforceable on the date of publication of the notice prescribed by section 3. In that case, the order of the Government authorizing the reduction of the share capital stands in lieu, for the legal person and, where applicable, for the subsidiary, of a by-law respecting the reduction of the share capital, from the same date.

In that case, the legal person and, where applicable, the subsidiary shall cancel the shares affected by the reduction.

1994, c. 45, s. 4.