S-26 - Act respecting mineral exploration partnerships

Section 21 Disposition versions

1983-04-01

21. During the thirty days following the expiration of each successive year after the date of the formation of the partnership, the executive committee shall prepare or cause to be prepared a statement showing:

(a)  All receipts and disbursements of the partnership during the preceding twelve months;

(b)  All liabilities or commitments;

(c)  The number and description of all mining rights or mining properties held by the partnership or for its benefit;

(d)  The names of shareholders, their addresses and the number of shares held by each.

After this statement has been certified under oath by two of its members before a justice of the peace, the executive committee shall immediately forward a copy thereof, by registered or certified mail, to each shareholder.

Certified copies of such statement shall also be forwarded, at the same time, by the executive committee, to the Inspector General. The original shall remain in the records of the partnership.

If a meeting of shareholders is called within the aforesaid period of thirty days, the mailing of the said statement to the shareholders may be dispensed with if the statement is submitted to such meeting, but in such case any shareholder shall be entitled, on demand, to receive a copy thereof.

R. S. 1964, c. 284, s. 21; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1975, c. 83, s. 84; 1981, c. 9, s. 24; 1982, c. 52, s. 248.

1981-06-18

21. During the thirty days following the expiration of each successive year after the date of the formation of the partnership, the executive committee shall prepare or cause to be prepared a statement showing:

(a)  All receipts and disbursements of the partnership during the preceding twelve months;

(b)  All liabilities or commitments;

(c)  The number and description of all mining rights or mining properties held by the partnership or for its benefit;

(d)  The names of shareholders, their addresses and the number of shares held by each.

After this statement has been certified under oath by two of its members before a justice of the peace, the executive committee shall immediately forward a copy thereof, by registered or certified mail, to each shareholder.

Certified copies of such statement shall also be forwarded, at the same time, by the executive committee, to the Minister of Financial Institutions and Cooperatives. The original shall remain in the records of the partnership.

If a meeting of shareholders is called within the aforesaid period of thirty days, the mailing of the said statement to the shareholders may be dispensed with if the statement is submitted to such meeting, but in such case any shareholder shall be entitled, on demand, to receive a copy thereof.

R. S. 1964, c. 284, s. 21; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1975, c. 83, s. 84; 1981, c. 9, s. 24.

1977-12-31

21. During the thirty days following the expiration of each successive year after the date of the formation of the partnership, the executive committee shall prepare or cause to be prepared a statement showing:

(a)  All receipts and disbursements of the partnership during the preceding twelve months;

(b)  All liabilities or commitments;

(c)  The number and description of all mining rights or mining properties held by the partnership or for its benefit;

(d)  The names of shareholders, their addresses and the number of shares held by each.

After this statement has been certified under oath by two of its members before a justice of the peace, the executive committee shall immediately forward a copy thereof, by registered or certified mail, to each shareholder.

Certified copies of such statement shall also be forwarded, at the same time, by the executive committee, to the Minister of Consumer Affairs, Cooperatives and Financial Institutions. The original shall remain in the records of the partnership.

If a meeting of shareholders is called within the aforesaid period of thirty days, the mailing of the said statement to the shareholders may be dispensed with if the statement is submitted to such meeting, but in such case any shareholder shall be entitled, on demand, to receive a copy thereof.

R. S. 1964, c. 284, s. 21; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1975, c. 83, s. 84.