C-38 - Companies Act

Section 167 Disposition versions

2009-01-01

167. (Repealed).

R. S. 1964, c. 271, s. 163; 1999, c. 40, s. 70; 2008, c. 20, s. 164.

1999-10-22

167. (1)  If a transmission of shares or other securities of a company takes place by virtue of any testamentary act or instrument, or in consequence of an intestacy, and if the probate of the will or of the testamentary act or instrument, or the letters of administration, or other judicial or official instrument, under which the title, whether as beneficiary or trustee, or the administration of the personal property of the deceased, is claimed to vest, purports to be granted by any court or other competent authority of the Dominion of Canada, or of Great Britain or Ireland, or of any other of Her Majesty’s dominions, or of any foreign country, the probate of the said will, or the said letters of administration, or the said other judicial or official instrument or an authenticated copy thereof or official extract therefrom, shall, together with a declaration in writing showing the nature of such transmission and signed and executed by the person or persons claiming by virtue thereof, be produced and deposited with the manager, secretary, treasurer, or other officer of the company named by the directors for the purpose of receiving the same.

(2)  Such production and deposit shall be sufficient authority to the directors, subject to the provisions of the law of Québec respecting succession duties, for paying the amount or value of any dividend, coupon, bond, obligation or share, or for transferring, or consenting to the transfer of any bond, obligation or share, in pursuance of, and in conformity with, such probate, letters of administration or other such document aforesaid.

R. S. 1964, c. 271, s. 163; 1999, c. 40, s. 70.

1977-12-31

167. (1)  If a transmission of shares or other securities of a company takes place by virtue of any testamentary act or instrument, or in consequence of an intestacy, and if the probate of the will or of the testamentary act or instrument, or the letters of administration, or other judicial or official instrument, under which the title, whether as beneficiary or trustee, or the administration of the personal estate of the deceased, is claimed to vest, purports to be granted by any court or other competent authority of the Dominion of Canada, or of Great Britain or Ireland, or of any other of Her Majesty’s dominions, or of any foreign country, the probate of the said will, or the said letters of administration, or the said other judicial or official instrument or an authenticated copy thereof or official extract therefrom, shall, together with a declaration in writing showing the nature of such transmission and signed and executed by the person or persons claiming by virtue thereof, be produced and deposited with the manager, secretary, treasurer, or other officer of the company named by the directors for the purpose of receiving the same.

(2)  Such production and deposit shall be sufficient authority to the directors, subject to the provisions of the law of Québec respecting succession duties, for paying the amount or value of any dividend, coupon, bond, debenture, obligation or share, or for transferring, or consenting to the transfer of any bond, debenture, obligation or share, in pursuance of, and in conformity with, such probate, letters of administration or other such document aforesaid.

R. S. 1964, c. 271, s. 163.