Acts and Regulations

C-13 - Companies Act

Full text
Acts and contracts of agents of company
41(1)Every contract, engagement or bargain made, and every bill of exchange drawn, accepted or endorsed, and every promissory note and cheque made, drawn or endorsed on behalf of the company by any agent, officer or servant of the company within the apparent scope of his authority as such agent, officer or servant is binding upon the company.
41(2)It is not necessary in any case to have the seal of the company affixed to any such contract, agreement, engagement, bargain, bill of exchange, promissory note or cheque, or to prove that the same was made, drawn, accepted or endorsed, as the case may be, in pursuance of any by-law or special vote or order.
41(3)No person acting as such agent, officer or servant of the company is thereby subjected individually to any liability whatever to any third person.
R.S., c.33, s.40
Acts and contracts of agents of company
41(1)Every contract, engagement or bargain made, and every bill of exchange drawn, accepted or endorsed, and every promissory note and cheque made, drawn or endorsed on behalf of the company by any agent, officer or servant of the company within the apparent scope of his authority as such agent, officer or servant is binding upon the company.
41(2)It is not necessary in any case to have the seal of the company affixed to any such contract, agreement, engagement, bargain, bill of exchange, promissory note or cheque, or to prove that the same was made, drawn, accepted or endorsed, as the case may be, in pursuance of any by-law or special vote or order.
41(3)No person acting as such agent, officer or servant of the company is thereby subjected individually to any liability whatever to any third person.
R.S., c.33, s.40