GREY:GLKIF - Post by User
Comment by
Floridas2000on Aug 06, 2019 5:24pm
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Post# 29999320
RE:RE:RE:Time to take the loss?
RE:RE:RE:Time to take the loss?This is a new one. Not sure what their goal is but they were deceitful and could bring a pending lawsuit. I did get this information:
"
- If all of the directors have resigned or been removed and no replacement directors are elected, then a person who manages or supervises the activities or affairs of the corporation is deemed to be a director for the purposes of the NFP Act. However, this default rule does not apply to certain individuals, such as the corporation's lawyer, accountant, trustee in bankruptcy, or an officer who manages the corporation under the direction or control of a member or other person (refer to subsections 130(4) and (5) of the NFP Act). If a corporation does not have any directors or members, the court can appoint the required minimum of directors provided for in the articles (refer to subsection 132(3) of the NFP Act)."