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S-31.1 - Business Corporations Act

Section 90
Disposition versions

Full text
90. The board of directors may authorize the splitting or consolidation of the shares of the corporation. The splitting or consolidation must be approved by special resolution if
(1)  any shareholder would hold less than one share as a result of the proposed consolidation; or
(2)  the corporation has issued more than one class of shares and the splitting or consolidation would affect the rights attaching to all the shares of any of those classes.
Within 30 days after a splitting or consolidation not requiring shareholder approval, the board of directors must notify the shareholders of how the issued shares have been split or consolidated.
2009, c. 52, s. 90.
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