Bill C-21
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TABLE OF PROVISIONS
AN ACT RESPECTING NOT-FOR-PROFIT CORPORATIONS AND OTHER CORPORATIONS WITHOUT SHARE CAPITAL
SHORT TITLE
1. Short title
PART 1
INTERPRETATION AND APPLICATION
Definitions and Interpretation
2. Definitions
Application
3. Application of Act
Purpose
4. Purpose
Designation of Minister
5. Power of Governor in Council
PART 2
INCORPORATION
6. Incorporators
7. Articles of incorporation
8. Delivery of articles of incorporation
9. Certificate of incorporation
10. Effect of certificate
11. Alternate name
12. Reserving name
13. Prohibited names
14. Certificate of amendment
15. Pre-incorporation and pre-amalgamation contracts
PART 3
CAPACITY AND POWERS
16. Capacity of a corporation
17. Powers of a corporation
18. No constructive notice
19. Authority of directors, officers, agents and mandataries
PART 4
REGISTERED OFFICE AND RECORDS
20. Registered office
21. Corporate records
22. Access to corporate records
23. Requirement for statutory declaration — register of members
24. Examination by Director
25. Application for authorization — corporation
26. Form of records
27. Validity of unsealed documents
PART 5
CORPORATE FINANCE
28. Borrowing powers
29. Issue of debt obligations
30. Repayment
31. Annual contributions or dues
32. Ownership of property
33. Directors not trustees
34. Investments by corporation
35. Distribution of property, accretions or profits
36. Surrendered memberships
37. Liability
PART 6
DEBT OBLIGATIONS, CERTIFICATES, REGISTERS AND TRANSFERS
Definitions and Interpretation
38. Definitions
Debt Obligation Certificates
39. Debt obligation certificate
40. Fee
41. Jointly held debt obligations
42. Signatures
43. Contents of certificate
44. Contents of certificate
Registers
45. Registers
46. Agent or mandatary
47. Registration
48. Trustee
49. Constructive registered holder
50. Proof of ownership
51. Joint holder
52. Duties of issuer
53. Minors
54. Deceased owner
55. Overissue
Proceedings
56. Rules of action
Delivery
57. Delivery of debt obligations
General
58. Incorporation by reference
59. Validity of debt obligation
60. Defence
61. Defences
62. Deemed notice
63. Unauthorized signature
64. Completion of debt obligation
65. Enforceability
66. Fraud
67. Guarantees
68. Acquisition of rights
69. Limited interests
70. Deemed notice
71. No duty to inquire
72. Deemed notice
73. Staleness
74. Guarantee
75. Content of guarantee
76. Guarantee of intermediary
77. Guarantee of broker
78. Right to compel endorsement
79. Definition of “appropriate”
80. Endorsement
81. Immunity of endorser
82. Partial endorsement
83. Effect of failure by fiduciary to comply
84. Effect of endorsement
85. Endorsement in bearer form
86. Effect of unauthorized endorsement
87. Warranties of guarantor of signature
88. Presumption of delivery
89. Presumption of ownership
90. Delivery of debt obligation
91. Right to reclaim possession
92. Right to requisites for registration
93. Seizure of debt obligation
94. Not liable if good faith delivery
95. Duty to register transfer
96. Assurance of endorsement
97. Notice from additional documentation
98. Limited duty of inquiry
99. Inquiry into adverse claim
100. Duration of notice of adverse claim
101. Limitation on issuer’s liability
102. Lost or stolen debt obligation
103. Duty
104. Notice to agent or mandatary
PART 7
TRUST INDENTURES
105. Definitions
106. Conflict of interest
107. Qualification of trustee
108. List of debt obligation holders
109. Evidence of compliance
110. Contents of declaration, etc.
111. Further evidence of compliance
112. Trustee may require evidence of compliance
113. Notice of default
114. Duties of trustee
115. Reliance on statements
116. No exculpation
PART 8
RECEIVERS AND RECEIVER-MANAGERS
117. Functions of receiver
118. Functions of receiver-manager
119. Directors’ powers cease
120. Duty to act
121. Duty under instrument
122. Duty of care
123. Orders given by court
124. Duties of receiver and receiver-manager
PART 9
DIRECTORS AND OFFICERS
125. Duty to manage or supervise management
126. Number of directors
127. Qualifications of directors
128. Organization meeting
129. Notice of directors
130. Ceasing to hold office
131. Removal of directors
132. Statement of director
133. Filling vacancy
134. Change in number of directors
135. Notice of change of director or director’s address
136. Attendance at meeting
137. Meeting of directors
138. Decisions made by consensus
139. Delegation
140. Validity of acts of directors and officers
141. Validity of signed resolutions
142. Disclosure of interest
143. Officers
144. Remuneration
145. Indemnification
146. Directors’ liability
147. Liability of directors for wages
148. Dissent
149. Duties of directors and officers
150. Director — reasonable diligence
151. Officer — reasonable diligence
152. Indemnification
PART 10
BY-LAWS AND MEMBERS
153. By-laws
154. Conditions of membership
155. Issuance of memberships
156. Termination of membership
157. Termination of member’s rights
158. Power to discipline a member
159. Place of meetings
160. Calling annual meetings
161. Fixing record date
162. Notice provided for in by-laws
163. Right to submit and discuss
164. Quorum set in by-laws
165. Voting
166. Resolution in lieu of meeting
167. Requisition of meeting
168. Meeting called by court
169. Court review of election
170. Unanimous member agreement
171. Absentee voting
PART 11
FINANCIAL DISCLOSURE
172. Annual financial statements
173. Application for exemption
174. Consolidated statements
175. Copies to members
176. Copies to Director
177. Approval of financial statements
PART 12
PUBLIC ACCOUNTANT
178. Definition of “designated corporation”
179. Qualification of public accountant
180. Appointment of public accountant
181. Dispensing with public accountant
182. Ceasing to hold office
183. Removal of public accountant
184. Filling vacancy
185. Court-appointed public accountant
186. Right to attend meeting
187. Review engagement — designated corporations
188. Audit engagement — other corporations
189. Report on financial statements
190. Reliance on other public accountant
191. Right to information
192. Audit committee
193. Notice of errors
194. Qualified privilege — defamation
PART 13
FUNDAMENTAL CHANGES
195. Amendment of articles or by-laws
196. Proposal to amend
197. Class vote
198. Delivery of articles
199. Certificate of amendment
200. Effect of certificate
201. Restated articles
202. Amalgamation
203. Amalgamation agreement
204. Member approval
205. Vertical short-form amalgamation
206. Sending of articles
207. Rights preserved
208. Amalgamation under other federal Acts
209. Continuance — import
210. Definition of “charter”
211. Continuance — other jurisdictions
212. Extraordinary sale, lease or exchange
213. Definition of “reorganization”
214. Definition of “arrangement”
PART 14
LIQUIDATION AND DISSOLUTION
215. Definition of “court”
216. Application of Part
217. Revival
218. Dissolution before commencing activities
219. Proposing liquidation and dissolution
220. Dissolution by Director
221. Grounds for dissolution
222. Further grounds
223. Application for supervision
224. Application to court
225. Powers of court
226. Effect of order
227. Cessation of activities and powers
228. Appointment of liquidator
229. Duties of liquidator
230. Powers of liquidator
231. Costs of liquidation
232. Transfer on condition of return
233. Application
234. Distribution in accordance with articles
235. Right to distribution in money
236. Custody of records
237. Definition of “member”
238. Creditors or members not found
239. Vesting in Crown
PART 15
INVESTIGATION
240. Investigation
241. Power of inspector
242. Entering dwelling
243. Hearing in camera
244. Incriminating statements
245. Exchange of information
246. Absolute privilege — defamation
247. Solicitor-client privilege
PART 16
REMEDIES, OFFENCES AND PUNISHMENT
248. Definitions
249. Derivative action
250. Powers of court
251. Application to court re oppression
252. Evidence of members’ approval not decisive
253. Application to court to rectify records
254. Application for directions
255. Notice of refusal by Director
256. Appeal from Director’s decision
257. Compliance or restraining order
258. Summary application to court
259. Appeal of final order
260. Offence
261. Order to comply
PART 17
DOCUMENTS IN ELECTRONIC OR OTHER FORM
262. Definitions
263. Application
264. Use not mandatory
265. Creation and provision of information
266. Creation of information in writing
267. Statutory declarations and affidavits
268. Signatures
269. Application for dispensation
PART 18
GENERAL
Notice, Certificates and Other Documents
270. Notice to directors and members
271. Notice to and service on a corporation
272. Waiver of notice
273. Certificate of corporation
274. Definition of “statement”
275. Signature
276. Annual return
277. Inspection
278. Payment of fees
Director
279. Appointment of Director
280. Content and form of notices and documents
281. Records of Director
282. Proof required by Director
283. Dispensation
284. Certificate of Director
285. Alteration
286. Corrections initiated by Director
287. Cancellation of articles by Director
288. Certificate
289. Form of publication
290. Power to make inquiries
Regulations
291. Regulations
PART 19
SPECIAL ACT BODIES CORPORATE WITHOUT SHARE CAPITAL
292. Application to special Act bodies corporate
293. Report listing incorporating Acts for dissolved bodies corporate
294. Change of name
PART 20
TRANSITIONAL, CONSEQUENTIAL AND COMMENCEMENT PROVISIONS
Transitional Provisions
295. Application for continuance
296. No incorporation or continuance
297. Deeming provision
298. Review of Act
Consequential Amendments
299. An Act to incorporate the Jules and Paul-Émile Léger Foundation
300. An Act to provide for the creation by amalgamation of The Wesleyan Church of Canada
301. Bank Act
302. Budget Implementation Act, 1997
303. Budget Implementation Act, 1998
304-305. Canada Business Corporations Act
306. Canada Cooperatives Act
307-308. Canada Corporations Act
309-310. Canada Foundation for Sustainable Development Technology Act
311. Canada Pension Plan Investment Board Act
312. Canada Shipping Act
313. Canadian Food Inspection Agency Act
314. Canadian Institutes of Health Research Act
315. Canadian Payments Act
316. Cree-Naskapi (of Quebec) Act
317. Evengelical Lutheran Church in Canada Act
318-320. Evangelical Missionary Church (Canada West District) Act
321. Financial Administration Act
322. Gwich’in Land Claim Settlement Act
323. Insurance Companies Act
324. Mi’kmaq Education Act
325. Physical Activity and Sport Act
326. Pilotage Act
327. Public Sector Pension Investment Board Act
328. Sahtu Dene and Metis Land Claim Settlement Act
329. Yukon First Nations Land Claims Settlement Act
Coming into Force
330. Order in council