A-32.1 - Insurers Act

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19. 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; and
(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; and
(2)  in the case of a limited partnership, of the contribution made by the special partners to the partnership’s common stock.
2018, c. 23, s. 32018, c. 23, s. 3.
In force: 2019-06-13
19. 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; and
(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; and
(2)  in the case of a limited partnership, of the contribution made by the special partners to the partnership’s common stock.
2018, c. 23, s. 32018, c. 23, s. 3.