Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Companies Act

Part 11 — Miscellaneous Division 1 Office of Registrar

312 Division 6 Violations of the Act Number of members

Current to 2022-12-15 · Official PDF

(1) A public company shall not carry on business with fewer
than 3 members nor a private company with fewer than 2 members,
and if at any time a company carries on business for more than 6
months with fewer than 3 members or 2 members, as the case may
be, every person who is a member of the company during the time
that it so carries on business after those 6 months, and is cognizant
of the fact that it is so carrying on business, is severally liable for
the payment of all the debts of the company contracted during that
time, and may be sued for them, without joinder in action of any
other member.
(2) Repealed 2020 c25 s2(138).
RSA 2000 cC-21 s312;2020 c25 s2(138)