Publications
Financial Assistance by a Corporation: Section 42, The Business Corporations Act (Alberta), Report for Discussion 5
Section 42 of the Alberta Business Corporations Act (as it was at the time of the writing of this report) made it illegal for a corporation to provide financial assistance to: – a shareholder or director of that corporation or an affiliated corporation; – an associate of any or the above; or – a purchaser of shares of that corporation or an affiliated corporation if that corporation was not “solvent” as defined by the ABCA. The […]
| AREA OF LAW | Corporate and Commercial |
| TAGS | solvency, assistance, Business Corporations Act, corporation, disclosure, financial |
| FORMAT | Publications |
| FILE | rfd5.pdf |
August 2, 1987