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•Liability
for Breach of Corporate Authority
–When directors permit the corporation to
act beyond the scope of the authority
set out in the corporation’s objects,
the directors may be found personally
liable for ultra vires
actions
–The issue of acting ultra vires will no longer be a concern once the ONCA and CNCA apply, as they each give the corporation the same powers of a natural person as those given to directors of for-profit corporations under modern business corporations legislation
–However, every director is still under a
duty of obedience to comply with the
objects stated in the letters patent or
by-laws
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