Help › Legal › Act within your purposes
Act within your purposes
Showing New Brunswick. Select your province in settings.
New Brunswick stands fully covered: its own filings and guidance stand in the books beside the federal ones.
A society is formed for the purposes its constitution names, and its money is spent on those purposes.
A company without capital stock is formed for the purposes its letters patent name, and carries on no business or trade for the profit of its members. Binds: New Brunswick companies without capital stock (Companies Act, s. 18).
The law’s own words
“the following provisions (a) to (j) both inclusive, as well as all other provisions of this Act not inconsistent therewith, unless otherwise specified in the letters patent, are applicable to every company so incorporated hereunder without capital stock”
Companies Act (New Brunswick), s. 18(2) · Read it at New Brunswick · Verified 2026-11-11
“the company shall not carry on any business or trade for the profit of its members”
Companies Act (New Brunswick), s. 18(2)(h) · Read it at New Brunswick · Verified 2026-11-11
“the members of the company shall not as such be liable for any debts or obligations of the company”
Companies Act (New Brunswick), s. 18(2)(i) · Read it at New Brunswick · Verified 2026-11-11
“All powers given to the company by letters patent or supplementary letters patent shall be exercised subject to the provisions and restrictions contained in this Act.”
Companies Act (New Brunswick), s. 36 · Read it at New Brunswick · Verified 2026-11-11
“If a company without capital stock has only one class of membership, the rights of those members are equal in all respects and include the right to vote at any meeting of the members of the company.”
Companies Act (New Brunswick), s. 13.1(1) · Read it at New Brunswick · Verified 2026-11-11
“any person whose name is duly entered on the company registry is and continues to be a member until his name is duly removed therefrom pursuant to the provisions of the letters patent or by-laws of the company”
Companies Act (New Brunswick), s. 18(2)(e) · Read it at New Brunswick · Verified 2026-11-11
“notice of the time and place for holding a general meeting of the company shall be given at least fourteen days previous to the time specified in the notice for the meeting by ordinary mail or in some newspaper published in the place where the head office of the company is situate”
Companies Act (New Brunswick), s. 103(a) · Read it at New Brunswick · Verified 2026-11-11
Companies Act (New Brunswick), sections 13.1, 18 and 103
“If a company without capital stock has only one class of membership, the rights of those members are equal in all respects and include the right to vote at any meeting of the members of the company.” “any person whose name is duly entered on the company registry is and continues to be a member until his name is duly removed therefrom pursuant to the provisions of the letters patent or by-laws of the company” “notice of the time and place for holding a general meeting of the company shall be given at least fourteen days previous to the time specified in the notice for the meeting by ordinary mail or in some newspaper published in the place where the head office of the company is situate”
Source: Companies Act (New Brunswick), ss. 13.1(1), 18(2)(e), 103(a) · Checked 2026-11-11