this post was submitted on 19 Jun 2025
58 points (98.3% liked)

Canada

9969 readers
503 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] DerisionConsulting 3 points 3 days ago* (last edited 3 days ago)

They were considering selling 49%, but the percentage is meaningless without looking at the articles, the bylaws, and resolutions. A lot of corporations make things more strict than the Bus Corp. act. You can always make things more strict, you can't make them more lax.

In fact, some things require a "Special Resolution" which is 2/3rds.
BUT, that can mean 2/3 of the shareholders who show up, as long as enough people show up to make a quorum.
And a quorum can be as small as 1 person, again, depending on the Articles, bylaws, and resolutions.

If you feel like learning about the Saskatchewan Business Corporations act, here is it:
https://www.canlii.org/en/sk/laws/astat/ss-2021-c-6/latest/ss-2021-c-6.html