S-31.1 - Business Corporations Act

Section 11 Disposition versions

2011-02-14

11. After a corporation is constituted, the board of directors holds an organization meeting at which the directors may

(1)  make by-laws;

(2)  adopt forms of share certificates and corporation records;

(3)  authorize the issue of shares; and

(4)  appoint the officers.

A founder or a director may call the organization meeting by giving not less than five days’ notice to each director, stating the time and place of the meeting.

2009, c. 52, s. 11.