C-38 - Companies Act

Section 123.7 Disposition versions

1999-10-22

123.7. A company is bound by any deed performed in its interest before its constitution provided it ratifies the deed within 90 days after its constitution.

The ratification transfers to the company the rights and obligations of the party who performed the deed, but does not of itself effect a novation; moreover, the person who performed the deed has the same rights and is bound by the same obligations as a mandatary of the company.

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

1981-02-16

123.7. A company is bound by any deed performed in its interest before its incorporation provided it ratifies the deed within 90 days after its incorporation.

The ratification transfers to the company the rights and obligations of the party who performed the deed, but does not of itself effect a novation; moreover, the person who performed the deed has the same rights and is bound by the same obligations as a mandatary of the company.

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

1980-01-30

123.7. The articles set out

(1)  the corporate name of the company;

(2)  the judicial district in which it establishes its head office in Québec;

(3)  the surname, given name, address and occupation of each incorporator or, as the case may be, the corporate name and address of the head office of the incorporator corporation and the act under which it is incorporated;

(4)  the par value of the shares of each class it is authorized to issue or the fact that they are without par value and the maximum number of shares of each class, where such is the case;

(5)  in the case of a plurality of classes, the rights, privileges, conditions and restrictions attaching to each class;

(6)  if a class of shares may be issued in series, the authority given to the directors to determine, before issue, the number and the designation of the shares of each series and the rights, privileges, conditions and restrictions attaching to the shares;

(7)  the restrictions, if any, imposed on the transfer of its shares;

(8)  the precise number or the minimum and maximum number of directors; and

(9)  the limits, if any, imposed on its activities.

1979, c. 31, s. 27.