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S-31.1 - Business Corporations Act

Section 272
Disposition versions

Full text
272. Shareholder authorization is given by special resolution.
The shareholders may, by the same resolution or by a separate special resolution,
(1)  fix or authorize the board of directors to fix the terms of the alienation; and
(2)  permit the board of directors not to proceed with the alienation.
A copy or summary of the proposed act of alienation must be attached to the notice of meeting.
2009, c. 52, s. 272.
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