Canada Business Corporations Act
Version of section 37 from 2003-01-01 to 2011-11-28:
Marginal note:Donated shares
37 A corporation may accept from any shareholder a share of the corporation surrendered to it as a gift, but may not extinguish or reduce a liability in respect of an amount unpaid on any such share except in accordance with section 38.
- 1974-75-76, c. 33, s. 35.
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