S-31.1 - Business Corporations Act

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217. Decisions of a sole shareholder on whom all of the powers of the board of directors have been conferred may be made by written resolution.
Any act by such a sole shareholder on behalf of the corporation is deemed to be authorized.
Such a sole shareholder may choose not to establish a board of directors and not to appoint an auditor, and is not required to comply with the requirements of this Act relating to the by-laws, shareholders meetings and meetings of the board of directors.
2009, c. 52, s. 217.