Fix word in a Corporate Bylaws - Online Editor

Fix word in Corporate Bylaws with DocHub!

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is a special resolution under Canadian law?

special resolution. special resolution means a resolution passed by a majority of not less than two-thirds of the votes cast by the shareholders who voted in respect of that resolution or signed by all the shareholders entitled to vote on that resolution; (rsolution spciale) squeeze-out transaction.

What is Section 247 of the CBCA?

247 If a corporation or any director, officer, employee, agent or mandatary, auditor, trustee, receiver, receiver-manager, sequestrator or liquidator of a corporation does not comply with this Act, the regulations, articles or by-laws, or a unanimous shareholder agreement, a complainant or a creditor of the corporation

What is Section 241 of the Canada Business Corporation Act?

241 (1) A complainant may apply to a court for an order under this section. that is oppressive or unfairly prejudicial to or that unfairly disregards the interests of any security holder, creditor, director or officer, the court may make an order to rectify the matters complained of.

What are the rights of shareholders in CBCA?

The Canada Business Corporations Act (CBCA) gives holders of non-voting shares the right to attend certain meetings and vote on certain fundamental issues. A shareholder entitled to vote has the right to appoint a proxy holder to attend and vote on his or her behalf at any shareholders meeting.

What is Section 256 of the Business Corporation Act?

Section 256(5.11) clarifies that, for the purposes of the Income Tax Act, the determination as to whether a taxpayer (or group of taxpayers) has de facto control of a corporation must take into consideration all factors that are relevant in the circumstances and must not be limited to whether the taxpayer (or group)

What is Section 239 of the CBCA?

239 (1) Subject to subsection (2), a complainant may apply to a court for leave to bring an action in the name and on behalf of a corporation or any of its subsidiaries, or intervene in an action to which any such body corporate is a party, for the purpose of prosecuting, defending or discontinuing the action on behalf

What is the fiduciary duty of the CBCA?

Fiduciary duty of loyalty: Directors and officers must act honestly and in good faith with a view to the best interests of the corporation. Duty of care: directors and officers must exercise the care, diligence and skill that a reasonably prudent individual would exercise in comparable circumstances.

What is Section 124 of the CBCA?

124 (1) A corporation may indemnify a director or officer of the corporation, a former director or officer of the corporation or another individual who acts or acted at the corporations request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges and

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