S-29.02 - Trust Companies and Savings Companies Act

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62. The contributed capital of a legal person is composed of the consideration paid to the legal person for,
(1)  in the case of a business corporation, the shares of its share capital;
(2)  in the case of a joint-stock company, the shares of its capital stock; or
(3)  in the case of a cooperative, a financial services cooperative or a mutual company, the shares of its capital stock or share capital.
The contributed capital of a partnership is composed,
(1)  in the case of a general partnership, of the contribution made by each partner to obtain a share in the partnership; or
(2)  in the case of a limited partnership, of the contribution made by the special partners to the partnership’s common stock.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
62. The contributed capital of a legal person is composed of the consideration paid to the legal person for,
(1)  in the case of a business corporation, the shares of its share capital;
(2)  in the case of a joint-stock company, the shares of its capital stock; or
(3)  in the case of a cooperative, a financial services cooperative or a mutual company, the shares of its capital stock or share capital.
The contributed capital of a partnership is composed,
(1)  in the case of a general partnership, of the contribution made by each partner to obtain a share in the partnership; or
(2)  in the case of a limited partnership, of the contribution made by the special partners to the partnership’s common stock.
2018, c. 232018, c. 23, s. 395.