Acts and Regulations

B-9.1 - Business Corporations Act

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Authority of directors, officers and agents
16A corporation or a guarantor of an obligation of the corporation may not assert against a person dealing with the corporation, or with any person who has acquired rights from the corporation, that
(a) the articles, by-laws and any unanimous shareholder agreement have not been complied with,
(b) the persons named in the most recent notice filed by the Director under section 64 or 71 are not the directors of the corporation,
(c) the place named in the most recent notice filed under section 17 is not the registered office of the corporation,
(d) a person held out by a corporation as a director, an officer or an agent of the corporation has not been duly appointed or has no authority to exercise the powers and perform the duties that are customary in the business of the corporation or usual for such director, officer or agent,
(e) a document issued by any director, officer or agent of a corporation with actual or usual authority to issue the document is not valid or not genuine, or
(f) a sale, lease or exchange of property referred to in subsection 130(1) was not authorized,
except where the person has or, by virtue of his position with or relationship to the corporation ought to have, knowledge of that fact.
1993, c.52, s.3; 2023, c.2, s.11; 2023, c.2, s.155
Authority of directors, officers and agents
16A corporation or a guarantor of an obligation of the corporation may not assert against a person dealing with the corporation, or with any person who has acquired rights from the corporation, that
(a) the articles, by-laws and any unanimous shareholder agreement have not been complied with,
(b) the persons named in the most recent notice filed by the Director under section 64 or 71 are not the directors of the corporation,
(c) the place named in the most recent notice filed under section 17 is not the registered office of the corporation,
(d) a person held out by a corporation as a director, an officer or an agent of the corporation has not been duly appointed or has no authority to exercise the powers and perform the duties that are customary in the business of the corporation or usual for such director, officer or agent,
(e) a document issued by any director, officer or agent of a corporation with actual or usual authority to issue the document is not valid or not genuine, or
(f) financial assistance referred to in section 43 or a sale, lease or exchange of property referred to in subsection 130(1) was not authorized,
except where the person has or, by virtue of his position with or relationship to the corporation ought to have, knowledge of that fact.
1993, c.52, s.3
Authority of directors, officers and agents
16A corporation or a guarantor of an obligation of the corporation may not assert against a person dealing with the corporation, or with any person who has acquired rights from the corporation, that
(a) the articles, by-laws and any unanimous shareholder agreement have not been complied with,
(b) the persons named in the most recent notice filed by the Director under section 64 or 71 are not the directors of the corporation,
(c) the place named in the most recent notice filed under section 17 is not the registered office of the corporation,
(d) a person held out by a corporation as a director, an officer or an agent of the corporation has not been duly appointed or has no authority to exercise the powers and perform the duties that are customary in the business of the corporation or usual for such director, officer or agent,
(e) a document issued by any director, officer or agent of a corporation with actual or usual authority to issue the document is not valid or not genuine, or
(f) financial assistance referred to in section 43 or a sale, lease or exchange of property referred to in subsection 130(1) was not authorized,
except where the person has or, by virtue of his position with or relationship to the corporation ought to have, knowledge of that fact.
1993, c.52, s.3