Acts and Regulations

2013, c.7 - Electricity Act

Section 6
Disposition versions

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Shares and other securities
6(1)The authorized capital of the Corporation consists of an unlimited number of common shares without nominal or par value.
6(2)The Corporation may, by by-law,
(a) subdivide its shares, or any of them, into one or more classes, fix the number of shares in each class and determine that, as between the holders of the shares resulting from the subdivision, one or more of the shares shall have some preference or special advantage as regards dividend, capital, voting or otherwise, over, or as compared with, the others or other, or
(b) convert any part of its issued or unissued share capital into preferred shares redeemable or purchasable by the Corporation.
6(3)No person shall transfer any notes, bonds, debentures or other securities of the Corporation, other than non-convertible debt securities, without the approval of the Lieutenant-Governor in Council.
6(4)Subject to the rights, privileges, restrictions and conditions attaching to a class of shares and subject to subsection 36(6), the Corporation may purchase or otherwise acquire shares issued by it.
6(5)The Corporation may issue certificates in any form approved by the board of directors of the Corporation to evidence any shares or other securities issued by the Corporation.
Shares and other securities
6(1)The authorized capital of the Corporation consists of an unlimited number of common shares without nominal or par value.
6(2)The Corporation may, by by-law,
(a) subdivide its shares, or any of them, into one or more classes, fix the number of shares in each class and determine that, as between the holders of the shares resulting from the subdivision, one or more of the shares shall have some preference or special advantage as regards dividend, capital, voting or otherwise, over, or as compared with, the others or other, or
(b) convert any part of its issued or unissued share capital into preferred shares redeemable or purchasable by the Corporation.
6(3)No person shall transfer any notes, bonds, debentures or other securities of the Corporation, other than non-convertible debt securities, without the approval of the Lieutenant-Governor in Council.
6(4)Subject to the rights, privileges, restrictions and conditions attaching to a class of shares and subject to subsection 36(6), the Corporation may purchase or otherwise acquire shares issued by it.
6(5)The Corporation may issue certificates in any form approved by the board of directors of the Corporation to evidence any shares or other securities issued by the Corporation.