RECO / TRESA · Share ownership
The articles contemplate more than one holder of the voting shares
What the check looks for
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.
Check your own articles, free
The PREC Articles Health Check reads your articles of incorporation in your own browser and rates them Red, Yellow or Green against this criterion and 29 others. The check does not upload your document to us.
It reads how the articles are drafted; it does not advise on your circumstances, and Capital Toolkit does not file articles with the Province.
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