powerpoint4x3b.jpg
•www.carters.ca
•www.charitylaw.ca
–As with CNCA, any contract or transaction that has been disclosed is not invalid and the director would not be required to account for any profit if
§Proper disclosure was made
§Directors approved the contract
§Contract was reasonable and fair to the corporation when it was approved
•66
Chapter 8, p. 12 and 14