Transfer of Shares 18. (1) Subject to the charter of the company, common shares of the company that were issued to persons who fulfilled the statutory conditions are transferable in accordance with subsection 39(1) and sections 42 and 43 of the Canada Corporations Act, chapter C-32 of the Revised Statutes of Canada, 1970, but no fraction of such a share is transferable. (2) A person, in this subsection referred to as the "subscriber", subscribing for common shares of the company as a person who fulfils the statutory conditions or a transferee of any such shares that were issued to a person who fulfilled the statutory conditions shall, on the request of the directors made in accordance with any by-laws, submit a declaration with respect to (a) the subscriber's ownership of any shares of the company; (b) the place in which the subscriber and any person in whose right or for whose use or benefit the shares are or would be held by the subscriber are ordinarily resident; (c) whether the subscriber is associated with any other person subscribing for or holding common shares of the company; (d) whether the subscriber is an approved telecommunications common carrier, a director or an officer of such a carrier or a corporation that is deemed for the purposes of the statutory conditions to be associated with such a carrier; and (e) such other matters as the directors may deem relevant for the purpose of determining whether the subscriber fulfils the statutory conditions. (3) It is a condition of every transfer of common shares of the company that were issued to persons who fulfilled the statutory conditions, to be made or recorded in a register of transfers of the company, or of any subscription for such a share of the company by a person as a person who fulfils the statutory conditions, that the transferee or subscriber shall submit to the directors of the company any declaration that may be required by the directors under subsection (2). R.S., c. T-4, s. 18.