Business Corporations Act s. 27.1

27.1 Splitting of shares

Current to 2023-12-07 · Official PDF

(1) Where the only issued shares of a corporation are of one
class, the directors may authorize the splitting of the shares by
resolution.
(2) Where a corporation has issued more than one class of shares,
each class of shareholder shall vote separately on a special
resolution to approve the proposed splitting of the shares of any
class.
(3) Where the directors have authorized the splitting of shares
under subsection (1), they must notify the shareholders within 60
days in accordance with section 255 of the manner in which the
issued shares have been split.
2005 c8 s12