Bill 35 (Legislature 25, Session 4)

L25 S4 345

Alberta — Bills

Bill Mr. Hutton BILL COMPANIES AMENDMENT ACT, 2004 ( A s s e n t e d t o , 2 0 0 4 ) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends RSA cC-21 The Companies Act is amended by this Act. 2

Section is amended by adding the following after subsection (6):

(7) The Lieutenant Governor in Council may exempt a company from the application of subsection (1), (2) or (3). 3 Section 149(2)(

a) is amended by striking out “resident in Alberta and”. Explanatory Notes Amends

chapter C-21 of the Revised Statutes of Alberta 2000. 2

Section presently reads in part: 90(1) At least 50% of the members of the board of every company shall be resident Albertans.

(2) The meetings of a board of directors may be held at any place within or outside Alberta, but in any year a majority of the meetings of a board of directors shall be held at a place within Canada.

(3) No business of a company shall be transacted at a meeting of a board of directors unless at least 50% of the members of the board of directors present at that meeting are resident Albertans. 3 Section 149(2)(

a) presently reads:

(2) The Registrar may relieve a company from the holding of any annual meeting on its filing with the Registrar, not less than one month before the time for holding the meeting, a statutory declaration of a director or officer, stating (

a) that the declarant is resident in Alberta and fully conversant with the affairs of the company, Title: 2004 (25th, 4th) Bill 35, Companies Amendment Act, 2004

Document details

Collection	Alberta — Bills
Citation	L25 S4 345
Type	bill
Volume / chapter	L25 S4 345
Language	en
Format	json
Source	PROVINCIAL
Identifier	67850a9bd09a77a735aee9edbe493ebf46c6b83f

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