C-38 - Companies Act

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123.107. The articles are amended to confirm a compromise or arrangement.
Notwithstanding section 49, the intervention of the judge is not required if all the shareholders concerned agree to a compromise or arrangement.
Section 123.103 does not apply to an amendment the sole object of which is to confirm a compromise or arrangement.
1980, c. 28, s. 14; 1987, c. 5, s. 8.
123.107. The articles are amended to confirm a compromise or arrangement approved by the shareholders and sanctioned by the judge in accordance with section 49, without its being necessary to follow the procedure in sections 123.103 and 123.104.
The intervention of the judge is not required if all the shareholders approve the compromise or the arrangement, but the procedure in sections 123.103 and 123.104 must then be followed.
1980, c. 28, s. 14.