123.92. The shareholders or the sole shareholder, as the case may be, shall then manage the affairs of the company as if they, or he, were its directors; they, or he, shall exercise the rights that have been withdrawn from the directors and assume the obligations from which the directors have been discharged.
The shareholders may, however, govern the exercise of their voting rights.
1979, c. 31, s. 27; 1980, c. 28, s. 14.