Canada Business Corporations Act

Marginal note:Voting shares

• 33 (1) A corporation holding shares in itself or in its holding body corporate shall not vote or permit those shares to be voted unless the corporation

  • (a) holds the shares in the capacity of a legal representative; and

  • (b) has complied with section 153.

• Marginal note:Subsidiary body corporate

  (2) A corporation shall not permit any of its subsidiary bodies corporate holding shares in the corporation to vote, or permit those shares to be voted, unless the subsidiary body corporate satisfies the requirements of subsection (1).