RTA · Business Corporations Act
Part 5 — Corporate Finance
37 Donated and escrowed shares
the corporation
(a) that is surrender ed to it as a gift, or
(b) that has been held in escrow pursuant to an escrow
agreement required by the Executive Director and that is
surrendered pursuant to that agreement.
(2) The corporation may not extinguish or reduce a liability in
respect of an amount unpaid on a share surrendered under
subsection (1)(a) except in accordance with section 38.
1981 cB-15 s35;1988 c7 s3;1995 c28 s64