Canada Business Corporations Act
Version of section 37 from 2011-11-29 to 2024-11-26:
Marginal note:Gift or legacy of shares
37 A corporation may accept from any shareholder a share of the corporation surrendered to it as a gift including, in Quebec, a legacy but may not extinguish or reduce a liability in respect of an amount unpaid on any such share except in accordance with section 38.
- R.S., 1985, c. C-44, s. 37
- 2011, c. 21, s. 24
- Date modified: