2.11(1)The authorized capital of the Holding Corporation consists of an unlimited number of common shares without nominal or par value.
2.11(2)On the commencement of section 2.1, one voting share of the Holding Corporation shall be issued to the Crown as represented by the Minister.
2.11(3)Only the Crown as represented by the Minister may hold or acquire a voting share of the Holding Corporation.
2.11(4)The Holding 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 Holding Corporation.
2.11(5)No person shall transfer any notes, bonds, debentures or other securities of the Holding Corporation, other than non-convertible debt securities, without the approval of the Lieutenant-Governor in Council.
2.11(6)Subject to the rights, privileges, restrictions and conditions attaching to a class of shares and subject to subsection 2.7(5), the Holding Corporation may purchase or otherwise acquire shares issued by it.
2.11(7)The Holding Corporation may issue certificates in any form approved by the board of directors of the Holding Corporation to evidence any shares or other securities issued by the Holding Corporation.