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S-31.1 - Business Corporations Act

Section 218
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218. A person who becomes a shareholder subsequent to the signing of a unanimous shareholder agreement is deemed to be a party to the agreement.
However, a person who, on becoming a shareholder, is not given notice of the existence of the unanimous shareholder agreement, may, no later than 30 days after becoming aware of the existence of the unanimous shareholder agreement, have the transaction by onerous title by which the person became a shareholder annulled.
The person is presumed not to have been aware of the unanimous shareholder agreement if its existence is not stated on the share certificate or, in the case of uncertificated shares, if the person was not given notice of its existence.
2009, c. 52, s. 218; 2010, c. 40, s. 76.
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