SS · Business Corporations Act
Part 3 — Capacity and Powers
17 Restriction on powers
any particular power on the corporation or its directors.
(2) A corporation shall not carry on any business or exercise any
power that it is restricted by its articles from carrying on or
exercising, nor shall the corporation exercise any of its powers in a
manner contrary to its articles.
(3) No act of a corporation, including any transfer of property to or
by a corporation, is invalid by reason only that the act or transfer is
contrary to its articles or this Act.
1981 cB-15 s16
December 2023
contracts, disclosure of interests,
120(4)
directors, appointment, 121(b)
indemnification, 124
number held by one person, 121(c)
remuneration, 125
securities, certificates, signatures,
48(4-6)
standard of care, 122(1)
official languages
extra-provincial corporations,
registration under, charters,
translations, 280(3)
overissue of securities, 51
owners
beneficial interest, defined, 1(g)
beneficial ownership, defined, 1(h)
Partnership Act
business corporations, names,
application, 10(9)
passing of accounts
business corporations, liquidators,
222(1)(i), 222(2), 224
personal representatives
securities, 33, 50(2), 50(7-9)
persons
definitions
individuals, 1(t)
interested person, 206.1
persons, 1(x)
photocopies
documents under Act, 261
powers, restrictions, 17
priorities
business corporations, shares, 29(3-
4)
privacy
business corporations
investigation hearings, 234(1)
investigation order applications,
231(4-5)
professional corporations
amalgamations, application, 187(2)
generally
defined, 1(p)
incorporation, 7
name changes, 13(4)
names, 10, 15.4
property
continuance outside Alberta,
189(9)(a)
defined, 27(5)
dissolution, undisposed property,
229
dissolution, voluntary, 212(7),
212(14)
extra-provincial corporation,
continuance as, 188(7)
extra-provincial corporation,
continuance as unlimited
liability corporation, 15.5
(1)(a)
liquidation
concealment or misappropriation,
223(3-4)
distribution, 222(1)(i)
liquidators, custody and control,
222(1)(c), 222(2)
shares, issuance, consideration, 27,
28(3)
substantial disposition, approval,
190
protected purchaser
defined under Securities Transfer
Act, 146(4)(a)
proxies
definitions
form of proxy, 147(a)
proxies, 147(b)
registrant, 147(c)
solicitation, 147(d)
solicitation by or on behalf of the
management of a
corporation, 147(e)
execution, 148(2)
management proxy circulars,
shareholder proposals, 136
meetings, deposit requirements,
prior to procedure, 148(5)
orders by Commission, 257.1-257.2
proxyholders
appointment, 148(1)
rights and duties, 152
registrants, 153
revocation, 148(4)