•Bill 85 amendments to ONCA received first reading June 6, 2013 and includes the following changes:
–$10,000
threshold for public benefit corporations can be changed by
regulations
–Consents
to be a director must be in writing
–Members’
right to class vote by non-voting classes is delayed until proclaimed
in force at least three years after proclamation of the ONCA
–Clarification that non compliant provisions of letters patent
and bylaws will continue to be in effect until the earlier of the
date of amendment and three years from proclamation