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S-31.1 - Business Corporations Act

Section 720
Disposition versions

Full text
720. A corporation which, on 14 February 2011, holds shares of a legal person who controls the corporation’s parent legal person must cease to hold the shares within five years after that date. Otherwise, it may not, at the expiry of that period, exercise the voting rights attached to those shares, and any act in contravention of section 86 is null.
2009, c. 52, s. 720.
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