S-26 - Act respecting mineral exploration partnerships

Section 16 Disposition versions

1977-12-31

16. The chairman of the executive committee shall keep, or cause to be kept, a book in which shall be set forth the date and a summary of all contracts entered into, of all deeds and documents executed on behalf of the partnership, and of all other important matters concerning the partnership.

He shall also keep, or cause to be kept, a register in which shall be entered, in respect of each shareholder, the following particulars:

(a)  The name and address of the shareholder;

(b)  The number of shares held by the shareholder;

(c)  The dates and amounts of the payments made for such shares;

(d)  The dates of transfers and the number of shares transferred by the shareholder, with the name of the transferee in each case.

The said books shall form part of the records of the partnership, and, subject to the provisions of section 22, shall be kept at the head office of the partnership in the charge of the chairman of the executive committee.

Every shareholder shall, during ordinary business hours, be entitled to inspect the books and records of the partnership and to make extracts therefrom.

R. S. 1964, c. 284, s. 16.