C-38 - Companies Act

Section 123.38 Disposition versions

1981-02-16

123.38. A company has an unlimited share capital and its shares are without par value, except where otherwise provided in its articles.

1979, c. 31, s. 27; 1980, c. 28, s. 14.

1980-01-30

123.38. Unless otherwise provided in the articles, the shareholders may by resolution remove a director at a special general meeting called for that purpose.

Where the holders of any class of shares have an exclusive right to elect a director, he may only be removed at a special meeting of these shareholders called for that purpose in the same manner as at a special general meeting of the shareholders of a company or in any manner provided for in the articles or by-laws.

1979, c. 31, s. 27.