P-16 - Act respecting the special powers of legal persons

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18. No by-law for increasing or reducing the capital stock of the company shall have any force or effect whatever until after it has been sanctioned by a vote of not less than two-thirds in value of the shareholders, at a general meeting of the company duly called for considering the same, and has been afterwards confirmed by the Government.
R. S. 1964, c. 275, s. 17.