Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“At least five persons may form a company under this Act for specified timber or pulpwood navigation works in Québec.”
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02
How the instrument operates
- 01
Start with the recorded version
Source version 10 Jun 2026. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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At least five persons may form a company under this Act for specified timber or pulpwood navigation works in Québec.
Section 1
For the first year, the company’s affairs must be managed by five directors named in the memorandum; after that, five directors must be elected annually by the stockholders on the second Monday of December under a by-law made by the directors.
Section 16
A shareholder who does not pay his proper share of a call within two months after the appointed payment time forfeits his shares.
Section 34
A company may demand and receive the lawful toll on timber that has passed through or over its works, and its employees must have free access to that timber to measure or count it.
Section 51
This provision repeals chapter 96 of the Revised Statutes, 1964, except sections 66 and 67.
Schedule
04
Source and current-law status
Source record view
Source record from www.legisquebec.gouv.qc.ca · Source version 10 Jun 2026
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.