Acts and Regulations

B-9.1 - Business Corporations Act

Section 48
Disposition versions

Full text
Securities register
2023, c.2, s.35
48(1)A corporation shall prepare and maintain at its registered office or any other place in New Brunswick designated by the directors a securities register in which it records the securities issued by it in registered form, showing with respect to each class or series of securities,
(a) the names, alphabetically arranged, of persons who
(i) are or have been within six years registered as shareholders of the corporation, the address including the street and number, if any, of every person while a holder, and the number and class of shares registered in the name of the holder, and
(ii) are or have been within the past six years registered as holders of warrants of the corporation, other than warrants exercisable within one year from the date of issue, and the address, including the street and number, if any, of every person while a registered holder, and the class or series and number of warrants registered in the name of the holder, and
(b) the date and particulars of the issue of each security and warrant.
48(2)A corporation shall prepare and maintain a register of transfers in which all transfers of securities issued by the corporation in registered form are maintained and the date and particulars of each transfer.
1991, c.27, s.5; 2023, c.2, s.36
Share registers
48(1)Subject to section 51, a corporation shall maintain a share register in which it records the shares or fractions thereof issued by it showing with respect to each class or series of shares
(a) the names, alphabetically arranged, and the latest known address of each person who is or has been a shareholder;
(b) the number of shares held by each shareholder; and
(c) the date and particulars of the issue and transfer of each share.
48(2)A corporation may appoint an agent to maintain a central share register and branch share registers.
48(3)A central share register shall be maintained by a corporation at its registered office or at any other place within New Brunswick designated by the directors, and any branch share registers may be kept at any place in or out of New Brunswick designated by the directors.
48(4)A branch share register shall only contain particulars of shares issued or transferred at that branch.
48(5)Particulars of each issue or transfer of a share registered in a branch share register shall also be kept in the corresponding central share register.
48(6)A corporation or its agent is not required to produce
(a) a cancelled share certificate after the date of its cancellation; or
(b) an instrument referred to in subsection 28(1) or a like instrument after the date of its expiry.
1991, c.27, s.5
Share registers
48(1)Subject to section 51, a corporation shall maintain a share register in which it records the shares or fractions thereof issued by it showing with respect to each class or series of shares
(a) the names, alphabetically arranged, and the latest known address of each person who is or has been a shareholder;
(b) the number of shares held by each shareholder; and
(c) the date and particulars of the issue and transfer of each share.
48(2)A corporation may appoint an agent to maintain a central share register and branch share registers.
48(3)A central share register shall be maintained by a corporation at its registered office or at any other place within New Brunswick designated by the directors, and any branch share registers may be kept at any place in or out of New Brunswick designated by the directors.
48(4)A branch share register shall only contain particulars of shares issued or transferred at that branch.
48(5)Particulars of each issue or transfer of a share registered in a branch share register shall also be kept in the corresponding central share register.
48(6)A corporation or its agent is not required to produce
(a) a cancelled share certificate after the date of its cancellation; or
(b) an instrument referred to in subsection 28(1) or a like instrument after the date of its expiry.
1991, c.27, s.5