S-31.1 - Business Corporations Act

Full text
11. After a corporation is constituted, the board of directors holds an organization meeting at which the directors may
(1)  make by-laws;
(2)  adopt forms of share certificates and corporation records;
(3)  authorize the issue of shares; and
(4)  appoint the officers.
A founder or a director may call the organization meeting by giving not less than five days’ notice to each director, stating the time and place of the meeting.
2009, c. 52, s. 11.