Financial Administration Act (R.S.C., 1985, c. F-11)

Act current to 2013-04-29 and last amended on 2013-04-01. Previous Versions

Marginal note:Resolution in lieu of meeting

  • 110. (1) A resolution in writing, signed by all the directors of a Crown corporation entitled to vote on that resolution at a meeting of the board of directors or a committee of directors of the corporation is as valid as if it had been passed at a meeting of the board of directors or a committee of directors, as the case may be.

  • Marginal note:Filing resolution

    (2) A copy of every resolution referred to in subsection (1) shall be kept with the minutes of the proceedings of the board of directors or committee of directors, as the case may be.

  • 1984, c. 31, s. 11.
Marginal note:Dissent

  • 111. (1) A director of a Crown corporation who is present at a meeting of the board of directors or a committee of directors of the corporation is deemed to have consented to any resolution passed or action taken at that meeting unless the director

    • (a) requests that written notice of his dissent be or written notice of his dissent is entered in the minutes of the meeting;

    • (b) gives written notice of his dissent to the secretary of the meeting before the meeting is adjourned; or

    • (c) sends written notice of his dissent by registered mail or delivers it to the head office of the corporation immediately after the meeting is adjourned.

  • Marginal note:Loss of right of dissent

    (2) A director of a Crown corporation who votes for or consents to a resolution is not entitled to dissent in respect of that resolution pursuant to subsection (1).

  • 1984, c. 31, s. 11.
Marginal note:Dissent of absent director

112. A director of a Crown corporation who was not present at a meeting of the board of directors or a committee of directors of the corporation at which a resolution was passed or action taken is deemed to have consented thereto unless within seven days after becoming aware of the resolution or action the director

  • (a) causes written notice of his dissent to be placed with the minutes of the meeting; or

  • (b) sends written notice of his dissent by registered mail or delivers it to the head office of the corporation.

  • 1984, c. 31, s. 11.
Marginal note:Participation by telephone, etc.

113. A director of a Crown corporation may, subject to the by-laws of the corporation, participate in a meeting of the board of directors or a committee of directors of the corporation by means of such telephone or other communications facilities as permit all persons participating in the meeting to hear each other, and a director participating in such a meeting by such means is deemed for the purposes of this Part to be present at the meeting.

  • 1984, c. 31, s. 11.