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C-38 - Companies Act

Section 182
Disposition versions

Full text
182. In the absence of other express provisions in such behalf, in the charter or the by-laws of the company,—
(1)  the election of directors shall take place yearly, and all the directors then in office shall retire, but, if otherwise qualified, they shall be eligible for reelection;
(2)  every election of directors shall be by ballot;
(3)  any vacancy occurring in the board of directors may be filled, for the remainder of the term, by the directors, from among the qualified shareholders of the company;
(4)  the directors shall elect from among themselves a president, and, if they see fit, a chairman of meetings and one or more vice-presidents of the company, and may also appoint all other officers thereof.
R. S. 1964, c. 271, s. 178.
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