As reported recently, the Ontario government has introduced Bill 154 which, among other things, will amend the Corporations Act (Ontario) and the Not-for-profit Corporations Act. Debate continued on September 27, 2017 as part of the Second Reading of Bill 154.
Cristina Martins, the MPP for Davenport, speaking as the parliamentary assistant to the Minister of Economic Development and Growth, mentioned the goal of "facilitating electronic delivery service delivery and taking steps to enable proclamation of the Not-for-Profit Corporations Act." She also "the Ontario Nonprofit Network and other stakeholders such as the Ontario Bar Association for their hard work in bringing forward these amendments."
Mrs. Martins continued: "The proposed amendments to the Corporations Act would enable Ontario not-for-profit corporations to benefit from some of the ONCA features prior to its proclamation, such as allowing notice of members' meetings to be sent electronically and members' meetings to be held electronically. These proposed amendments would increase flexibility, encourage participation in meetings, provide clarity and reduce burdens and costs for not-for-profit corporations."
We will continue to monitor the progress of Bill 154.
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