C-38 - Companies Act

Section 92 Disposition versions

1977-12-31

92. When the board of directors of a company consists of more than six directors it may, if thereunto authorized by by-law regularly adopted by the vote of at least two-thirds in value of the shares represented by the shareholders present at a special general meeting of the company, elect from among its members an executive committee composed of at least three directors. The executive committee may exercise the powers of the board of directors delegated by such by-law, subject to the restrictions therein contained and subject to the other by-laws which may be enacted from time to time by the directors.

R. S. 1964, c. 271, s. 89.