Hometime

Hometime · Alberta legislation

CPA Condominium Property Act

CPA · Companies Act

Part 4 — Alteration of Constitution Division 1 Memorandum of Association

34 Objects Alteration of objects or powers

Current to 2022-12-15 · Official PDF

(1) Subject to this section, a company may, by special
resolution, alter the provisions of its memorandum with respect to
the objects of the company, so far as may be required to enable it
(a) to carry on its business more economically or more
efficiently,
(b) to attain its main purpose by new or improved means,
RSA 2000

(c) to carry on some business that, under existing
circumstances, may conveniently or advantageously be
combined with the business of the company, or
(d) to restrict or abandon any o f the objects specified in the
memorandum.
(2) Notwithstanding subsection (1), a company may by ordinary
resolution alter its memorandum so as to include or exclude any or
all of the powers authorized by section 20(1).
(3) A company that alters its memorandum by resolution under
subsection (1) or (2) shall file with the Registrar a copy of the
resolution and the memorandum as altered, and on receipt of the
copy the Registrar shall register the memorandum and issue a
certificate confirming the resolution and the memorandum as
altered.
(4) No resolution or alteration to the memorandum has effect until
the Registrar issues a certificate under subsection (3).
(5) A certificate issued by the Registrar under subsection (3) is
conclusive proof that all the requirements of this Act with respect
to the alteration and the confirmation of the resolution have been
complied with, and on issuance of the certificate the memorandum
as altered becomes the memorandum of the company.
(6) to (8) Repealed 2020 c25 s2(21).
(9) Every company that defaults in filing with the Registrar any
document required by this section to be filed with the Registrar is
guilty of an offence.
RSA 2000 cC-21 s34;2020 c25 s2(21)