Acts and Regulations

C-13 - Companies Act

Full text
Costs and expenses
121The costs and expenses incurred by the company in procuring the order or judgment shall be paid to the company by the person or persons to whom the shares are declared lawfully to belong, and the shares shall not be transferred in the books of the company until the costs and expenses are paid, but this provision in no way prejudices the right of the person adjudged to be the lawful owner of the shares to recourse, according to the practice of the court, for such costs and expenses against any person contesting his right to the shares.
R.S., c.33, s.120
Share ownership disputes
121The costs and expenses incurred by the company in procuring the order or judgment shall be paid to the company by the person or persons to whom the shares are declared lawfully to belong, and the shares shall not be transferred in the books of the company until the costs and expenses are paid, but this provision in no way prejudices the right of the person adjudged to be the lawful owner of the shares to recourse, according to the practice of the court, for such costs and expenses against any person contesting his right to the shares.
R.S., c.33, s.120