1979 BILL First Session, 19th Legislature, 28 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE COMPANIES AMENDMENT ACT, 1979 THE PREMIER First Reading Second Reading Committee of the Whole Third Reading Royal Assent Printed by the Queen's Printer for the Province of Alberta, EDMONTON Title: 1979 (19th, 1st) Bill 1, The Companies Amendment Act, 1979 Bill BILL THE COMPANIES AMENDMENT ACT, 1979 (Assented to , 1979) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Companies Act is amended by this A ct. 2

Section 41.8 is amended by striking out “or affiliated” wherev­ er it occurs. 3 This Act comes into force on the day upon which it is assented to. 1 Explanatory Notes This Bill will amend

chapter of the Revised Statutes of Alberta 1970. 2

Section 41.8 presently reads: 41.8(1) Upon the commencement of this Division, a subsidiary company may not acquire any shares of its holding or affiliated company in excess of 1 per cent of the number of issued shares of the holding or affiliated company.

(2) A subsidiary company that acquires any shares of its holding or affiliated company pursuant to this

section is not entitled to receive any notice of, or to vote at, any meeting of the shareholders of the holding or affiliated company with respect to those shares. Removes unnecessary references to an affiliated company. 1 Title: 1979 (19th, 1st) Bill 1, The Companies Amendment Act, 1979