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Financial Assistance by a Corporation: Section 42, The Business Corporations Act (Alberta), Final Report 54


Section 42 of the Alberta Business Corporations Act (as it was at the time of the writing of this report) made it illegal for a corporation to provide financial assistance to: – a shareholder or director of that corporation or an affiliated corporation; – an associate of any or the above; or – a purchaser of shares of that corporation or an affiliated corporation if that corporation was not “solvent” as defined by the ABCA. […]

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ENACTMENT

Business Corporations Act, SA 2000, c 10, s. 2 (now RSA 2000, c B-9, s 45).

August 1, 1989

Financial Assistance by a Corporation: Section 42, The Business Corporations Act (Alberta), Report for Discussion 5


Section 42 of the Alberta Business Corporations Act (as it was at the time of the writing of this report) made it illegal for a corporation to provide financial assistance to: – a shareholder or director of that corporation or an affiliated corporation; – an associate of any or the above; or – a purchaser of shares of that corporation or an affiliated corporation if that corporation was not “solvent” as defined by the ABCA. The […]

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August 2, 1987

Trade Secrets, Final Report 46


The legal protection of trade secrets is a desirable objective for the law to pursue and requires improvement through the implementation of new civil and criminal law measures. This report recommends the creation of two new statutory torts to protect the plaintiff who is without an agreement that is governed by the general law of contract. The first tort is aimed at industrial espionage in relation to trade secrets and would make the acquisition of […]

AREA OF LAW Property
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ENACTMENT

Draft statute adopted by Uniform Law Conference of Canada, Victoria, BC, August 1987.

July 1, 1986