Marginal note:Constraining registration — Crown and foreign governments
428 (1) No company shall record in its securities register a transfer or issue of any share of the company to
(a) Her Majesty in right of Canada or of a province or any agent or agency of Her Majesty in either of those rights; or
(b) the government of a foreign country or any political subdivision thereof, or any agent or agency thereof.
Marginal note:Exception
(2) Notwithstanding subsection (1), a company that is a subsidiary of a foreign institution that is controlled by the government of a foreign country or any political subdivision thereof, or any agency thereof, may register a transfer or issue of a share or shares of the company to the foreign institution or to any subsidiary of the foreign institution.
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