Canada Business Corporations Act

Contents

2,632 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1. Short Title
   1. 1 Short title
2. Part I · Interpretation and Application
   1. Interpretation
   2. Application
   3. Purposes of Act
3. Part II · Incorporation
   1. 5 Incorporators
   2. 6 Articles of incorporation
   3. 7 Delivery of articles of incorporation
   4. 8 Certificate of incorporation
   5. 9 Effect of certificate
   6. 10 Name of corporation
   7. 11 Reserving name
   8. 12 Prohibited names
   9. 13 Certificate of amendment
   10. 14 Personal liability
4. Part III · Capacity and Powers
   1. 15 Capacity of a corporation
   2. 16 Powers of a corporation
   3. 17 No constructive notice
   4. 18 Authority of directors, officers and agents
5. Part IV · Registered Office and Records
   1. 19 Registered office
   2. 20 Corporate records
   3. 21 Access to corporate records
   4. 21.1 Register
   5. 21.2 Inability to identify individuals
   6. 21.21 Sending of information to Director
   7. 21.3 Disclosure to Director
   8. 21.301 Provision of information by Director
   9. 21.302 Provision of information by Director
   10. 21.303 Information available to public
   11. 21.31 Disclosure to investigative bodies
   12. 21.32 Record
   13. 21.4 Offence
   14. 22 Form of records
   15. 23 Corporate seal
6. Part V · Corporate Finance
   1. 24 Shares
   2. 25 Issue of shares
   3. 26 Stated capital account
   4. 27 Shares in series
   5. 28 Pre-emptive right
   6. 29 Options and rights
   7. 29.1 Restriction regarding bearer shares
   8. 30 Corporation holding its own shares
   9. 31 Exception
   10. 32 Exception relating to Canadian ownership
   11. 33 Voting shares
   12. 34 Acquisition of corporation’s own shares
   13. 35 Alternative acquisition of corporation’s own shares
   14. 36 Redemption of shares
   15. 37 Gift or legacy of shares
   16. 38 Other reduction of stated capital
   17. 39 Adjustment of stated capital account
   18. 40 Enforcement of contract to buy shares
   19. 41 Commission for sale of shares
   20. 42 Dividends
   21. 43 Form of dividend
   22. 44 [Repealed, 2001, c. 14, s. 26]
   23. 45 Shareholder immunity
7. Part VI · Sale of Constrained Shares
   1. 46 Sale of constrained shares by corporation
   2. 47 Proceeds of sale to be trust fund
8. Part VII · Security Certificates, Registers and Transfers
   1. Interpretation and General
   2. Issue — Issuer
   3. Purchase
   4. Registration
9. Part VIII · Trust Indentures
   1. 82 Definitions
   2. 83 Conflict of interest
   3. 84 Qualification of trustee
   4. 85 List of security holders
   5. 86 Evidence of compliance
   6. 87 Contents of declaration, etc.
   7. 88 Further evidence of compliance
   8. 89 Trustee may require evidence of compliance
   9. 90 Notice of default
   10. 91 Duty of care
   11. 92 Reliance on statements
   12. 93 No exculpation
10. Part IX · Receivers, Receiver-managers and Sequestrators
    1. 94 Functions of receiver or sequestrator
    2. 95 Functions of receiver-manager
    3. 96 Directors’ powers cease
    4. 97 Duty to act
    5. 98 Duty under instrument or act
    6. 99 Duty of care
    7. 100 Directions given by court
    8. 101 Duties of receiver, receiver-manager or sequestrator
11. Part X · Directors and Officers
    1. 102 Duty to manage or supervise management
    2. 103 By-laws
    3. 104 Organization meeting
    4. 105 Qualifications of directors
    5. 106 Notice of directors
    6. 107 Cumulative voting
    7. 108 Ceasing to hold office
    8. 109 Removal of directors
    9. 110 Attendance at meeting
    10. 111 Filling vacancy
    11. 112 Number of directors
    12. 113 Notice of change of director or director’s address
    13. 114 Meeting of directors
    14. 115 Delegation
    15. 116 Validity of acts of directors and officers
    16. 117 Resolution in lieu of meeting
    17. 118 Directors’ liability
    18. 119 Liability of directors for wages
    19. 120 Disclosure of interest
    20. 121 Officers
    21. 122 Duty of care of directors and officers
    22. 123 Dissent
    23. 124 Indemnification
    24. 125 Remuneration
12. Part XI · Insider Trading
    1. 126 Definitions
    2. 127 to 129 [Repealed, 2001, c. 14, s. 53]
    3. 130 Prohibition of short sale
    4. 131 Definitions
13. Part XII · Shareholders
    1. 132 Place of meetings
    2. 133 Calling annual meetings
    3. 134 Fixing record date
    4. 135 Notice of meeting
    5. 136 Waiver of notice
    6. 137 Proposals
    7. 138 List of shareholders entitled to receive notice
    8. 139 Quorum
    9. 140 Right to vote
    10. 141 Voting
    11. 142 Resolution in lieu of meeting
    12. 143 Requisition of meeting
    13. 144 Meeting called by court
    14. 145 Court review of election
    15. 145.1 Pooling agreement
    16. 146 Unanimous shareholder agreement
14. Part XIII · Proxies
    1. 147 Definitions
    2. 148 Appointing proxyholder
    3. 149 Mandatory solicitation
    4. 150 Soliciting proxies
    5. 151 Exemption
    6. 152 Attendance at meeting
    7. 153 Duty of intermediary
    8. 154 Restraining order
15. Part XIV · Financial Disclosure
    1. 155 Annual financial statements
    2. 156 Application for exemption
    3. 157 Consolidated statements
    4. 158 Approval of financial statements
    5. 159 Copies to shareholders
    6. 160 Copies to Director
    7. 161 Qualification of auditor
    8. 162 Appointment of auditor
    9. 163 Dispensing with auditor
    10. 164 Ceasing to hold office
    11. 165 Removal of auditor
    12. 166 Filling vacancy
    13. 167 Court appointed auditor
    14. 168 Right to attend meeting
    15. 169 Examination
    16. 170 Right to information
    17. 171 Audit committee
    18. 172 Qualified privilege (defamation)
16. Part XIV.1 · Disclosure Relating to Diversity
    1. 172.1 Diversity in corporations
17. Part XV · Fundamental Changes
    1. 173 Amendment of articles
    2. 174 Constraints on shares
    3. 175 Proposal to amend
    4. 176 Class vote
    5. 177 Delivery of articles
    6. 178 Certificate of amendment
    7. 179 Effect of certificate
    8. 180 Restated articles
    9. 181 Amalgamation
    10. 182 Amalgamation agreement
    11. 183 Shareholder approval
    12. 184 Vertical short-form amalgamation
    13. 185 Sending of articles
    14. 186 Effect of certificate
    15. 186.1 Amalgamation under other federal Acts
    16. 187 Continuance (import)
    17. 188 Continuance — other jurisdictions
    18. 189 Borrowing powers
    19. 190 Right to dissent
    20. 191 Definition of reorganization
    21. 192 Definition of arrangement
18. Part XVI · Going-private Transactions and Squeeze-out Transactions
    1. 193 Going-private transactions
    2. 194 Squeeze-out transactions
    3. 195 to 205 [Repealed, 2001, c. 14, s. 97]
19. Part XVII · Compulsory and Compelled Acquisitions
    1. 206 Definitions
    2. 206.1 Obligation to acquire shares
20. Part XVIII · Liquidation and Dissolution
    1. 207 Definition of court
    2. 208 Application of Part
    3. 209 Revival
    4. 210 Dissolution before commencing business
    5. 211 Proposing liquidation and dissolution
    6. 212 Dissolution by Director
    7. 213 Grounds for dissolution
    8. 214 Further grounds
    9. 215 Application for supervision
    10. 216 Application to court
    11. 217 Powers of court
    12. 218 Effect of order
    13. 219 Cessation of business and powers
    14. 220 Appointment of liquidator
    15. 221 Duties of liquidator
    16. 222 Powers of liquidator
    17. 223 Costs of liquidation
    18. 224 Right to distribution in money
    19. 225 Custody of documents
    20. 226 Definition of shareholder
    21. 227 Unknown claimants
    22. 228 Vesting in Crown
21. Part XIX · Investigation
    1. 229 Investigation
    2. 230 Powers of court
    3. 231 Power of inspector
    4. 232 Hearing in camera
    5. 233 Criminating statements
    6. 234 Absolute privilege (defamation)
    7. 235 Information respecting ownership and control
    8. 236 Solicitor-client privilege or professional secrecy
    9. 237 Inquiries
22. Part XIX.1 · Apportioning Award of Damages
    1. Interpretation and Application
    2. Apportionment of Damages
    3. Joint and Several, or Solidary, Liability
23. Part XX · Remedies, Offences and Punishment
    1. 238 Definitions
    2. 239 Commencing derivative action
    3. 240 Powers of court
    4. 241 Application to court re oppression
    5. 242 Evidence of shareholder approval not decisive
    6. 243 Application to court to rectify records
    7. 244 Application for directions
    8. 245 Notice of refusal by Director
    9. 246 Appeal from Director’s decision
    10. 247 Restraining or compliance order
    11. 248 Summary application to court
    12. 249 Appeal of final order
    13. 250 Offences with respect to reports
    14. 251 Offence
    15. 252 Order to comply
24. Part XX.1 · Documents in Electronic or Other Form
    1. 252.1 Definitions
    2. 252.2 Application
    3. 252.3 Use not mandatory
    4. 252.4 Creation and provision of information
    5. 252.5 Creation of information in writing
    6. 252.6 Statutory declarations and affidavits
    7. 252.7 Signatures
25. Part XXI · General
    1. 253 Notice to directors and shareholders
    2. 254 Notice to and service on a corporation
    3. 255 Waiver of notice
    4. 256 Certificate of Director
    5. 257 Certificate of corporation
    6. 258 Copies
    7. 258.1 Content and form of documents
    8. 258.2 Exemption
    9. 259 Proof required by Director
    10. 260 Appointment of Director
    11. 261 Regulations
    12. 261.1 Payment of fees
    13. 262 Definition of statement
    14. 262.1 Signature
    15. 262.2 Publication
    16. 263 Annual return
    17. 263.1 Certificate
    18. 264 Alteration
    19. 265 Corrections at request of Director
    20. 265.1 Cancellation of articles by Director
    21. 266 Examination
    22. 266.1 Information not to be made available
    23. 267 Director’s obligation to keep documents
    24. 267.1 Form of publication
    25. 268 Definition of charter
26. Offences (Subsections 21.31(2), (3) and (6))
    1. 1 An offence under any of the following provisions of the Criminal Code:
    2. 2 An offence under section 42 of the Copyright Act.
    3. 3 An offence under any of the following provisions of the Customs Act:
    4. 4 An offence under any of the following provisions of the Controlled Drugs and Substances Act:
    5. 5 An offence under any of the following provisions of the Corruption of Foreign Public Officials Act:
    6. 6 An offence under any of the following provisions of the Canadian Environmental Protection Act, 1999:
    7. 7 An offence under any of the following provisions of the Immigration and Refugee Protection Act:
    8. 8 An offence under any of the following provisions of the Cannabis Act:
    9. 9 An offence under any Act of Parliament or law of the legislature of a province that provides for the imposition of a tax or duty for which the maximum term of
27. Related provisions
28. Amendments not in force