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S-31.1 - Business Corporations Act

Section 66
Disposition versions

Full text
66. The enforceability of rights in favour of the corporation with which shares are encumbered and any transfer restriction imposed on shares by the corporation are governed by the Act respecting the transfer of securities and the establishment of security entitlements (chapter T-11.002).
A transfer restriction imposed on an uncertificated share by the corporation is enforceable against any transferee as soon as the corporation notifies to the transferee that it is enforcing the restriction.
2009, c. 52, s. 66; 2010, c. 40, s. 65.
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