www.carters.ca
www.charitylaw.ca
TIMING OF CONTINUANCE/TRANSITION
•Some corporations will want to
continue/transition right away after
the applicable legislation becomes effective,
others may want to wait
•Revising governance structure to be
reflected in new by-law may need some
time for directors and members to
consider
•Some considerations
–Collapse of multiple membership
structure
–Increased
director protection
–Existing
by-laws already require amendment
–Contemplation
of fundamental changes
–Different
levels of financial review
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