Acts and Regulations

B-9.1 - Business Corporations Act

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Power to manage and number of directors
60(1)Subject to the articles, the by-laws and a unanimous shareholder agreement, the directors shall manage, or supervise the management of, the business and affairs of a corporation.
60(2)A corporation shall have one or more directors.
60(3)Subject to the articles, the number, and the minimum and maximum number, of directors shall be as from time to time specified by the by-laws.
60(4)Despite subsection (3), a corporation that is a reporting issuer as defined in the Securities Act shall not have fewer than three directors.
1983, c.15, s.8; 2023, c.2, s.43
Power to manage and number of directors
60(1)Subject to the articles, the by-laws and a unanimous shareholder agreement, the business and affairs of a corporation shall be managed by one or more directors.
60(2)Subject to the articles, the number of directors shall be as from time to time specified by the by-laws.
60(3)Notwithstanding subsection (2), a corporation which has its shares listed on a prescribed stock exchange shall not have less than three directors.
1983, c.15, s.8
Power to manage and number of directors
60(1)Subject to the articles, the by-laws and a unanimous shareholder agreement, the business and affairs of a corporation shall be managed by one or more directors.
60(2)Subject to the articles, the number of directors shall be as from time to time specified by the by-laws.
60(3)Notwithstanding subsection (2), a corporation which has its shares listed on a prescribed stock exchange shall not have less than three directors.
1983, c.15, s.8