S-31.1 - Business Corporations Act

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357. The liquidation is discontinued as soon as the fixed number or minimum number of directors required by the articles has been attained. As of that time, the liquidator ceases to hold office and the corporation may act for any purpose other than the liquidation.
While the liquidation is suspended, the liquidator has simple administration of the corporation’s property.
2009, c. 52, s. 357.