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S-31.1 - Business Corporations Act

Section 357
Disposition versions

Full text
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.
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