RECO / TRESA · Share ownership
The articles contemplate more than one holder of the voting shares
What the rule requires
Every voting share must be legally and beneficially owned, directly or indirectly, by one registrant, the controlling shareholder. The articles should lock this rather than leave it to fact.
Authority: TRESA s. 1(1) ("equity share"); O. Reg. 536/20, s. 2 ¶2
What good looks like
The articles restrict ownership of the voting shares to a single controlling shareholder.
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