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C-38 - Companies Act
Section 144
Disposition versions
144. Shares of a company are movable property; the transfer of company shares is governed by the Act respecting the transfer of securities and the establishment of security entitlements (chapter T-11.002), on the conditions prescribed by this Part, by the charter of the company or, if the conditions are effective under that Act, by the by-laws of the company.
Shares subject to restrictions regarding the right to transfer them shall not be offered to the public unless:
(a) such restrictions are prescribed in the charter of the company; and
(b) such restrictions are required to allow the company, or any other company in which the company has an interest, to obtain, protect or renew, under a statute of Canada or of Québec, any authorization necessary to attain the objects of its undertaking or part of it.
144. Shares of a company are movable property and are transferable in the manner and on the conditions prescribed by this Part or by the charter or by-laws of the company.
Shares subject to restrictions regarding the right to transfer them shall not be offered to the public unless:
(a) such restrictions are prescribed in the charter of the company; and
(b) such restrictions are required to allow the company, or any other company in which the company has an interest, to obtain, protect or renew, under a statute of Canada or of Québec, any authorization necessary to attain the objects of its undertaking or part of it.
