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C-38 - Companies Act

Section 123.58
Disposition versions

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123.58. Directors who authorize the acquisition of shares or payment therefor in contravention of this division are solidarily liable for the sums or property involved and not yet recovered.
1979, c. 31, s. 27; 1980, c. 28, s. 14.
123.58. The compromise or arrangement is binding on the company and the shareholders or a class of the shareholders, as the case may be, from the date shown on the certificate attesting it, and the articles are amended accordingly.
1979, c. 31, s. 27.
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