Hometime

Hometime · Alberta legislation

MHHS Minimum Housing and Health Standards

MHHS · Companies Act

Part 4 — Alteration of Constitution Division 1 Memorandum of Association

53 Purchase by subsidiary company

Current to 2022-12-15 · Official PDF

(1) On and after July 19, 1977, a subsidiary company may not
acquire any shares of its holding company in excess of 1% of the
number of issued shares of the holding company.
(2) A subsidiary company that acquires any shares of its holding
company pursuant to this section is not entitled to receive any
notice of, or to vote at, any meeting of the shareholders of the
holding company with respect to those shares.
RSA 1980 cC-20 s53
54 Repealed 2020 c25 s2(32).