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C-44 - Gas, Water and Electricity Companies Act

Section 53
Disposition versions

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53. If payment be not made by the stockholder within 60 days after a personal demand, or after notice requiring such payment has been published for six consecutive weeks in a newspaper published in the municipal territory where the business of the company is carried on, or as prescribed by section 4, the directors may declare forfeited the shares upon which the said instalments have not been paid.
R. S. 1964, c. 285, s. 53; 1996, c. 2, s. 588.
53. If payment be not made by the stockholder within sixty days after a personal demand, or after notice requiring such payment has been published for six consecutive weeks in a newspaper published in the municipality where the business of the company is carried on, or as prescribed by section 4, the directors may declare forfeited the shares upon which the said instalments have not been paid.
R. S. 1964, c. 285, s. 53.
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