S-31.1 - Business Corporations Act

Section 463 Disposition versions

2011-02-14

463. A court may order the dissolution of a corporation or any of its affiliates on the application of a shareholder if

(1)  the court is satisfied that in respect of a corporation or any of its affiliates

(a)  any act or omission of the corporation or any of its affiliates effects a result,

(b)  the business or affairs of the corporation or any of its affiliates are or have been carried on or conducted in a manner, or

(c)  the powers of the directors of the corporation or any of its affiliates are or have been exercised in a manner

that is oppressive or unfairly prejudicial to any security holder, director or officer; or

(2)  if the court is satisfied that a unanimous shareholder agreement entitles the shareholder to demand dissolution of the corporation after the occurrence of a specified event and that event has occurred; or

(3)  if the court considers it is just and equitable in the circumstances that the corporation should be dissolved.

2009, c. 52, s. 463.