Acts and Regulations

B-9.1 - Business Corporations Act

Full text
Property defined
24For the purposes of sections 23 and 25, property does not include a promissory note or a promise to pay that is made by a person to whom a share is issued, or a person who does not deal at arm’s length, within the meaning of that expression in the Income Tax Act (Canada), with a person to whom a share is issued.
2023, c.2, s.19
Property defined
24For the purposes of sections 23 and 25, “property” does not include a promissory note or a promise to pay.