[Advisors] Re: [Directors] Canada Not-for-Profit Corporations Act

[Marita Moll]

Well, that's a very good question David and it may be more than we 
handle. I will be out of the country for the next  12 cays.  In the 
meantime, there needs to be a discussion about whether we continue -- 
or take the option below:

http://www.longwoods.com/content/17390



1. Transitional Procedures for New Corporations

Once the legislation is enacted, all corporations that are currently 
governed by Part II of the Canada Corporations Act will be required 
to apply for a certificate of continuance in order to achieve 
corporate status under the new regime. No fees will be required for 
this application, but if an existing corporation fails to take this 
step within three years after the coming into force of the Act, it 
may be subject to dissolution. Existing corporations therefore have a 
significant incentive to comply with the new legislation, as well as 
a lengthy period in which to do so.

Marita


At 09:27 AM 04/04/2012, you wrote:
>I'm assuming TC is federally incorporated and if that assumption is
>correct how will we go about changing our bylaws to conform to the new
>act? See
>http://laws.justice.gc.ca/eng/acts/C-7.75/
>
>--
>David Murdoch Consulting davidmurdoch.ca
>    East River, Nova Scotia Phone: (902) 275-2309
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