Under
the Alberta Business Corporations Act (or the federal one or any other provincial corporations act for that matter), any of these forms of «oppression» may be remedied by an order of the Court, which has a range of discretion under the legislation.
The oppression remedy is a statutory right available under section 242 of
the Alberta Business Corporation Act, RSA 2000, c B - 9 [ABCA] and other corporate statutes in Canada.
Not exact matches
Social Finance: Unlocking the Potential for Developmental Lending, a new research report conducted my firm Impakt, reveals that the Indian
Business Corporation, a company owned by the three treaty areas of
Alberta, has pioneered an approach called «developmental lending» that is providing aboriginal entrepreneurs such as Ms. Saliwonczyk with capital to create new
businesses, or maintain or expand existing ones.
Contrary to what many claim to believe, the union representing workers at Zellers stores in Calgary,
Alberta, believe that
corporations (or
businesses more generally) are in fact persons, morally and legally.
Just within the last number of weeks the Government has pledged financial support to Bombardier, Davie Shipyard, and now the Auto parts
business Linamar
Corporation, all while
Alberta business gets no meaningful support.
The plaintiff also alleges that before abandoning the lease, Dynasty transferred funds and assets to various
corporations and individuals and claims a declaration that Dynasty's alleged transfer of monies, assets,
business and opportunities from itself to the co-defendants Polar Spas Ontario Inc. and 732311
Alberta Ltd., and its transfer of monies or assets to the defendant Williams and to the co-defendants Marsall Brent and Ken Nikel are void as against Dynasty's creditors as fraudulent conveyances.
A group of shareholders with a stake of 5 % or more in a
corporation may, under
Alberta's
Business Corporations Act (section 142), requisition the
corporation's directors to call a shareholders meeting.
The Plaintiff also argued that because the Defendant
corporation «carried on
business in Ontario» because its hotel operations catered to temporary workers who may have been from outside of
Alberta.
Explore information and resources for starting and running a
business or
corporation in
Alberta.
In its recent decision 1007374
Alberta Ltd. v. Ruggieri, 2015 ABCA 205, the
Alberta Court of Appeal held that efforts to creditor proof a company amounted to oppression under
Alberta's
Business Corporations Act.