Canada Corporations Act (R.S.C. 1970, c. C-32)

Marginal note:Liability of shareholders after dissolution of company

33. Notwithstanding the dissolution of a company under section 32, the shareholders of the company among whom its assets have been divided remain, to the amount received by them respectively upon such division, jointly and severally liable to the creditors of the company; and an action may be brought in any court of competent jurisdiction to enforce such liability, but the action shall be commenced within and not after one year from the date of such dissolution of the company.

34. [Repealed, 2009, c. 23, s. 313]

35. [Repealed, 2009, c. 23, s. 313]

36. [Repealed, 2009, c. 23, s. 313]

37. [Repealed, 2009, c. 23, s. 313]

38. [Repealed, 2009, c. 23, s. 313]

39. [Repealed, 2009, c. 23, s. 313]

40. [Repealed, 2009, c. 23, s. 313]

41. [Repealed, 2009, c. 23, s. 313]

41.1 [Repealed, 2009, c. 23, s. 313]

42. [Repealed, 2009, c. 23, s. 313]

Marginal note:Transfer of shares of a deceased shareholder

43. A transfer of the shares or other interest of a deceased shareholder, made by his personal representative, is, notwithstanding that the personal representative is not himself a shareholder, of the same validity as if he had been a shareholder at the time of his execution of the instrument of transfer.

44. [Repealed, 2009, c. 23, s. 313]

45. [Repealed, 2009, c. 23, s. 313]