Acts and Regulations

B-9.1 - Business Corporations Act

Section 20
Disposition versions

Full text
Storage of records
20(1)All registers and other records required by this Act to be prepared and maintained may be in a bound or loose-leaf form, or may be entered or recorded by any system of mechanical or electronic data processing or any other information storage device that is capable of reproducing any required information in intelligible written form within a reasonable time.
20(2)A corporation and its agents shall take reasonable precautions to
(a) prevent loss or destruction of,
(b) prevent falsification of entries in, and
(c) facilitate detection and correction of inaccuracies in,
the registers and other records required by this Act to be prepared and maintained.
20(3)Repealed: 2008, c.11, s.4
2008, c.11, s.4; 2023, c.2, s.155
Storage of records
20(1)All registers and other records required by this Act to be prepared and maintained may be in a bound or loose-leaf form, or may be entered or recorded by any system of mechanical or electronic data processing or any other information storage device that is capable of reproducing any required information in intelligible written form within a reasonable time.
20(2)A corporation and its agents shall take reasonable precautions to
(a) prevent loss or destruction of,
(b) prevent falsification of entries in, and
(c) facilitate detection and correction of inaccuracies in,
the registers and other records required by this Act to be prepared and maintained.
20(3)Repealed: 2008, c.11, s.4
2008, c.11, s.4
Storage of records
20(1)All registers and other records required by this Act to be prepared and maintained may be in a bound or loose-leaf form, or may be entered or recorded by any system of mechanical or electronic data processing or any other information storage device that is capable of reproducing any required information in intelligible written form within a reasonable time.
20(2)A corporation and its agents shall take reasonable precautions to
(a) prevent loss or destruction of,
(b) prevent falsification of entries in, and
(c) facilitate detection and correction of inaccuracies in,
the registers and other records required by this Act to be prepared and maintained.
20(3)Repealed: 2008, c.11, s.4
2008, c.11, s.4
Storage of records, offence
20(1)All registers and other records required by this Act to be prepared and maintained may be in a bound or loose-leaf form, or may be entered or recorded by any system of mechanical or electronic data processing or any other information storage device that is capable of reproducing any required information in intelligible written form within a reasonable time.
20(2)A corporation and its agents shall take reasonable precautions to
(a) prevent loss or destruction of,
(b) prevent falsification of entries in, and
(c) facilitate detection and correction of inaccuracies in,
the registers and other records required by this Act to be prepared and maintained.
20(3)A person who, without reasonable cause, contravenes this section commits an offence and is liable on summary conviction to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding six months or to both and in default of payment of a fine is liable to imprisonment in accordance with subsection 31(3) of the Summary Convictions Act.