Statute
Section 37 — Canada Business Corporations Act: Gift or legacy of shares
Text of the provision Official document
A corporation may accept from any shareholder a share of the corporation surrendered to it as a gift including, in Quebec, a legacy but may not extinguish or reduce a liability in respect of an amount unpaid on any such share except in accordance with section 38.
Official source: laws-lois.justice.gc.ca
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