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S-31.1 - Business Corporations Act

Section 63
Disposition versions

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63. In the case of certificated shares, the corporation must issue to the shareholder, without charge, a certificate in registered form stating the number of shares held by the shareholder and their par value, if any. The certificate must also mention, if applicable, that the shares are not fully paid.
A corporation is not required to issue more than one certificate for shares held jointly by two or more persons.
In the absence of any evidence to the contrary, the certificate is proof of the shareholder’s title to the shares represented by the certificate.
In the case of uncertificated shares, the corporation must send the shareholder a written notice containing the information required under the first paragraph.
2009, c. 52, s. 63.
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