ARTICLE
13 November 2015

What Corporate Records Can Your Members Access Under The Canada Not-For-Profit Corporations Act?

BL
Borden Ladner Gervais LLP

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BLG is a leading, national, full-service Canadian law firm focusing on business law, commercial litigation, and intellectual property solutions for our clients. BLG is one of the country’s largest law firms with more than 750 lawyers, intellectual property agents and other professionals in five cities across Canada.
Under the Canada Not-for-profit Corporations Act, a member or a member's personal representative may examine the corporation's records during the corporation's business hours.
Canada Corporate/Commercial Law
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Under the Canada Not-for-profit Corporations Act, a member or a member's personal representative may examine the corporation's records during the corporation's business hours.  The records that can be accessed are: articles, by-laws, minutes of members' meetings, debt obligation registers, and the registers of directors, officers and members.  (By the way, creditors can also access these records, not just members.) 

Members cannot generally get access to minutes of directors' meetings, except that they can access portions that contain conflict of interest disclosures.

Members also have access to the financial statements of the corporation before the AGM – these should be sent to the members with the notice of the meeting or be available at the registered office of the corporation during the AGM notice period.

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ARTICLE
13 November 2015

What Corporate Records Can Your Members Access Under The Canada Not-For-Profit Corporations Act?

Canada Corporate/Commercial Law

Contributor

BLG is a leading, national, full-service Canadian law firm focusing on business law, commercial litigation, and intellectual property solutions for our clients. BLG is one of the country’s largest law firms with more than 750 lawyers, intellectual property agents and other professionals in five cities across Canada.
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