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S-31.1 - Business Corporations Act

Section 86
Disposition versions

Full text
86. A corporation may not hold its own shares. Except for a period not exceeding 30 days, it may not hold shares of its parent legal person or allow its own shares to be held by one or more of its subsidiaries.
A corporation may not exercise the voting rights attached to the shares it holds in its parent legal person.
Any act contrary to this section is null.
2009, c. 52, s. 86.
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