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Application of Statutory Provisions to the Company

31. (1)

Where a provision of the Canada Corporations Act, chapter C-32 of the Revised Statutes of Canada, 1970, that applies in respect of the company makes reference to letters patent, the reference shall be construed in relation to the company as a reference to this Act, and if any such provision makes reference to supplementary letters patent, the reference shall be construed in relation to the company as a reference to letters patent issued pursuant to section 34 of this Act.

(2)

Subject to any express provision of this Act with respect to the same matter, the following provisions of the Canada Corporations Act, chapter C-32 of the Revised Statutes of Canada, 1970, apply to the company with such modifications as the circumstances require, namely,

(a)

subsections 13(9) to (16);

(b)

sections 17 and 21 to 24;

(c)

subsections 25(2) and (3) and sections 26 and 27;

(d)

sections 34, 36 and 37;

(e)

sections 39, 42 and 43 to the extent provided in subsection 18(1) and section 21 of this Act;

(f)

sections 48 to 50;

(g)

sections 61 to 63, except that the reference to sections 52 to 60 in subsection 62(4) shall be deemed to be a reference to letters patent issued pursuant to section 34 of this Act;

(h)

sections 65 and 66 and subsection 67(4);

(i)

sections 68 to 73;

(j)

sections 74 to 84, except that an attempt or offer by or on behalf of the company to dispose of, or a solicitation of a subscription for, or a solicitation of an offer to subscribe or apply for, common shares of the company or any interest therein, to the extent that it is directed to Her Majesty in right of Canada or one or more approved telecommunications common carriers, shall be deemed not to be an "offer to the public" within the meaning assigned by section 74;

(k)

section 85;

(l)

subsections 86(3) and (4);

(m)

subsections 88(4) and 90(2), section 91, section 92, except paragraphs (c) and (d), and section 93;

(n)

sections 95 to 97 and 99;

(o)

sections 100 to 100.6;

(p)

sections 102, 103 and 105 to 108.9;

(q)

sections 109 to 132 and 133, except subsections (9) to (11.1) thereof;

(r)

sections 138 to 143;

(s)

sections 144 to 147 and 149; and

(t)

subsection 151(3). R.S., c. T-4, s. 30; R.S., c. 10 (1st Supp.), s. 35.



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