C-38 - Companies Act

Section 123.44 Disposition versions

2009-01-01

123.44. A company may, however, hold its own shares or those of its parent legal person as mandatary, hypothecary creditor, or administrator of the property of another person. It may also hold its own shares if compelled to do so under the Act respecting the transfer of securities and the establishment of security entitlements (chapter T-11.002).

No voting rights attached to the shares may be exercised except at the demand of the owner and on such terms and conditions as he may fix.

1979, c. 31, s. 27; 1980, c. 28, s. 14; 1992, c. 57, s. 514; 1999, c. 40, s. 70; 2008, c. 20, s. 159.

1999-10-22

123.44. A company may, however, hold its own shares or those of its parent legal person as mandatary, hypothecary creditor, or administrator of the property of another person.

No voting rights attached to the shares may be exercised except at the demand of the owner and on such terms and conditions as he may fix.

1979, c. 31, s. 27; 1980, c. 28, s. 14; 1992, c. 57, s. 514; 1999, c. 40, s. 70.

1994-01-01

123.44. A company may, however, hold its own shares or those of its parent corporation as mandatary, hypothecary creditor, or administrator of the property of another person.

No voting rights attached to the shares may be exercised except at the demand of the owner and on such terms and conditions as he may fix.

1979, c. 31, s. 27; 1980, c. 28, s. 14; 1992, c. 57, s. 514.

1981-02-16

123.44. A company may, however, hold its own shares or those of its parent corporation as mandatary, pledgee, or administrator of the property of another person.

No voting rights attached to the shares may be exercised except at the demand of the owner and on such terms and conditions as he may fix.

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

1980-01-30

123.44. The board of directors of a company may make a by-law for the purpose of amending its articles in order to

(1)  change its corporate name;

(2)  transfer its head office to another judicial district;

(3)  amend the structure of the share capital or the characteristics pertaining to any class of shares and contemplated in paragraphs 4 to 7 of section 123.7;

(4)  increase or decrease the specified, minimum or maximum number of its directors;

(5)  add, change or remove any restriction upon its activities;

(6)  add, change or remove any other provision of the articles.

1979, c. 31, s. 27.