Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
137 No payments until licensed
company must not make any payment on account of incorporation
or organization expenses except reasonable sums
(a) for the payment of remuneration of not more than 2 officers,
(b) for the payment of costs related to the issue of shares of the
company, and
(c) for the payment of clerical assistance, legal services,
accounting services, office accommodation at one location,
office expenses, advertising, stationery, postage and travel
expenses.
1999 cI-5.1 s137