Business Corporations Act s. 46

46 Shareholder immunity

Current to 2023-12-07 · Official PDF

(1) The shareholders of a corporation are not, as shareholders,
liable for any liability, act or default of the corporation except
under section 38(4), 118(5) and (6), 146(7) or 227(4) or Part 2.1.
(2) The articles may provide that the corporation has a lien on a
share registered in the name of a shareholder or the shareholder's
legal representative for a debt of that shareholder to the
corporation, including an amount unpaid in respect of a share
issued by a body corporate on the date that it was continued under
this Act.
(3) A corporation may enforce a lien referred to in subsection (2)
in accordance with its bylaws.
RSA 2000 cB-9 s46;2005 c8 s18;2006 cS-4.5 s106;
2021 c18 s12
RSA 2000