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C-38 - Companies Act

Section 93
Disposition versions

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93. When a company has ceased to carry on business, except for the purpose of winding-up its affairs, and has no debts or obligations that have not been provided for or protected, the directors may pass by-laws for distributing the assets of the company, or any part of them, among the shareholders. No such distribution shall be made until 15 days after the publication of a summary of the by-law in the Gazette officielle du Québec.
R. S. 1964, c. 271, s. 90; 1999, c. 40, s. 70.
93. When a company has ceased to carry on business, except for the purpose of winding-up its affairs, and has no debts or obligations that have not been provided for or protected, the directors may pass by-laws for distributing the assets of the corporation, or any part of them, among the shareholders. No such distribution shall be made until fifteen days after the publication of a summary of the by-law in the Gazette officielle du Québec.
R. S. 1964, c. 271, s. 90.
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