•Unlike the CNCA:
–Optional for corporations to file articles of continuance
or adopt new by-laws to comply with ONCA requirements in 3 years
of ONCA in force
–If no continuance process taken, then
§Corporation will not be
dissolved
§LP, SLPs and by-laws will
be deemed amended to comply with new ONCA requirements, resulting
in non-compliant provisions deemed invalid
§Will result in uncertainty
in relation to which provisions remain to be valid
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