11.Special Exemption for Religious
Corporations
•CNCA
–Precludes the members’ remedies referred to above, where the court determines that:
§The corporation is a “religious corporation” - but not defined
§The act or omission, conduct or exercise of powers is based on a tenet of faith held by the members of the corporation, and
§It was reasonable to base the decision on a tenet of faith, having regard to the activities of the corporation
•ONCA
–“Religious corporations” are exempt from derivative action
–But again no
definition of “religious corporation”