Acts and Regulations

C-13 - Companies Act

Full text
Share ownership disputes
119Where the interest in any shares of the capital stock of the company is transmitted by the death of a shareholder, or otherwise, or where the ownership of any shares or the legal right of possession of the same changes by any lawful means other than by transfer according to the provisions of this Act, and the directors of the company entertain reasonable doubts as to the legality of a claim to such shares, the company may make and file in the Court a declaration and petition in writing, addressed to a Judge, setting forth the facts and the number of shares previously belonging to the person in whose name the shares stand in the books of the company, and praying for an order or judgment adjudicating and awarding the shares to the person or persons legally entitled to the same.
R.S., c.33, s.118
Share ownership disputes
119Where the interest in any shares of the capital stock of the company is transmitted by the death of a shareholder, or otherwise, or where the ownership of any shares or the legal right of possession of the same changes by any lawful means other than by transfer according to the provisions of this Act, and the directors of the company entertain reasonable doubts as to the legality of a claim to such shares, the company may make and file in the Court a declaration and petition in writing, addressed to a Judge, setting forth the facts and the number of shares previously belonging to the person in whose name the shares stand in the books of the company, and praying for an order or judgment adjudicating and awarding the shares to the person or persons legally entitled to the same.
R.S., c.33, s.118