Corporations Act (Ontario) amended to remove class vote to continue share capital social clubs
As previously reported, Bill 139 proposed to amend Ontario’s Corporations Act to remove the requirement of share capital social clubs (“Social Clubs”) to obtain approval from each class of shareholders in order to effect a continuance under one of the […]
Recent changes to the Ontario Not-for-Profit Corporations Act, 2010: Six key changes you need to know
The long-awaited Ontario Not-for-Profit Corporations Act, 2010 (the “ONCA”) came into force on October 19, 2021. Under the ONCA, Ontario not-for-profit corporations that were previously governed under Ontario’s Corporations Act (the “OCA”) were given a three-year transition period, until October […]
