Open AccessLimitations in the Power of an Alberta Corporation to Provide Guarantees and Other Financial Assistance: Section 42 of the (Alberta) Business Corporations Act
Author(s) -
John D. Karvellas,
Gary J. Daniel
Publication year - 1985
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr1727
Subject(s) - corporation , section (typography) , business , power (physics) , accounting , companies act , finance , power of attorney , management , corporate law , law , economics , political science , corporate governance , advertising , physics , quantum mechanics , health care
There appears to be a number of difficulties with s. 42 of the Alberta Business Corporations Act, which is similar to s. 42 of The Canadian Business Corporations Act. The authors highlight these difficulties and recommend a solution, which includes repealing s. 42.