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    Ontario Section 86 Rollover Resolutions (No Fixed Redemption Price)


    This package contains the resolutions and corporate forms required for a reorganization of a corporation's share capital through a Section 86 Rollover with no fixed redemption price:

    1. Special Resolution with instructions for wording of the Articles of Amendment, with the redemption amount on the new preference shares to be set by the directors at the time of issue;
    2. Share Subscription form for the new shares;
    3. Corporate Resolutions accepting the subscriptions, limiting the addition to the capital account;
    4. Directors' Undertaking not to declare dividends if it would reduce the corporation's assets and make it unable to redeem the shares at their full redemption amount.

    The Ontario Section 86 Rollover Resolutions Package (No Fixed Redemption Price) contains all of these documents in one downloadable file. All forms are fully editable to fit your specific circumstances.

    Download Type: Microsoft Word
    Last Updated: 23-April-2021
    SKU: 4921