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(24) If subsection (26) applies, the corporation shall, within 10 days after an order is made under subsection (22 notify each dissenting member that it is unable lawfully to pay dissenting members for their membership interests. .(5.3) If the remaining property of a corporation that is not a public benefit corporation is distributed on dissolution in accordance with a by-law described in paragraph 5 of subsection 207 (3 the property is deemed to have been distributed in accordance with the corporations.
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corporation is subject to an order referred to in subsection (1 the order may also require an amendment of the articles or by-laws to effect any changethat might be made under section 103. . Note: On a day to be named by proclamation of the Lieutenant Governor, the definition of telephonic or electronic means in subsection 1 (1) of the Act is repealed and the following substituted: (See: 2017,. Note: On a day to be named by proclamation of the Lieutenant Governor, section 109 of the Act is amended by adding the following subsection: (See: 2017,. 2 In this Act, a period of days is deemed to commence on the day following the event that began the period and is deemed to terminate at midnight of the last day of the period, except that if the last day of the period. Certificate of dissolution 169. Continuance to other jurisdictions 117. Provision for discharge and distribution by the court 147. Note: On a day to be named by proclamation of the Lieutenant Governor, section 119 of the Act is amended by adding the following subsection: (See: 2017,. 47 (1) (1) If a certificate or other document issued or endorsed under this Act, or letters patent, supplementary letters patent or any other document issued or endorsed under a predecessor of this Act, contains an error, or if a certificate or other document has. Privilege part XIV remedies, offences AND penalties 181. (9) The directors of a corporation may, if authorized by the members at the time of approving an application for continuance, abandon the application without further approval of the members. . (5) In this section and section 173, proceeding includes a power of sale proceeding relating to land commenced pursuant to a mortgage. . In paper format alone;. This address is considered the address of the corporation until changed. 134 (1) The liquidator shall make up an account showing the manner in which the winding up was conducted and the property of the corporation disposed of, and then shall call a meeting of the members for the purpose of having the account laid before. Better yet, refer the question to your bylaws, which are easier to amend if you change your mind. (3) Except as provided in subsection (4 whether or not a corporation adopts a contract made before the corporation came into existence, a party to the contract may apply to the court for an order fixing obligations under the contract as joint or joint and. Application.1, execution of documents. 27 (1) (5) Upon receipt of articles of continuance, together with any required documents and information and the required fee, the Director may, on the terms and subject to the limitations and conditions that the Director considers fit, issue a certificate of continuance by endorsing. (3.1) If a corporation that was dissolved under subsection (2) or a predecessor of it before the day section 2 of the Forfeited Corporate Property Act, 2015 comes into force is revived under subsection (3) on or after the third anniversary of the coming into. The second anniversary of the day section 2 of the Forfeited Corporate Property Act, 2015 comes into force. 40 (1) The directors are jointly and severally liable to the employees of the corporation for all debts not exceeding, (a) six months wages for services performed for the corporation that become payable while they are directors; and (b) the vacation pay for not more. 4) 5 (1) If there is a conflict between a provision that applies to a body corporate without share capital in this Act or in a regulation and a provision that applies to the body corporate in any other Act or in a regulation made. (10) From the date of continuance of a body corporate as a corporation under this Act, (a) the property of the body corporate continues to be the property of the corporation; (b) the corporation continues to be liable for the obligations of the body corporate;.
2 The Director shall, the law relating to charities prevails 3 A member who attends a meeting of the members held outside Ontario is deemed to have agreed to it being held outside Ontario except sentences when the member attends the meeting for the express purpose. Etc, the court may authorize the corporation. A by depositing in accordance with subsection 7 a revocation that is signed by the member or by the members attorney. A regulation made under, membership provisions of this corporation are defined in the bylaws. On any terms that the court thinks fit. To give notice of the meeting to members in any manner if the court determines that members will not be prejudiced 6 A member may revoke a proxy.
Article III is a good place to state the the organizations purpose. Note, before the liquidator has ascertained the sufficiency of the property of the corporation. A shall settle the list of contributories. And b the corporations articles and bylaws.
A not-for-profit corporation may own property in its own name, it may acquire rights, obligations and liabilities, it may enter into contracts and agreements, and it has the standing to sue and be sued as a distinct legal entity.Prescribing circumstances for the purpose of clause 170 (2.0.1) (c.
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