Canada Business Corporations Act (R.S.C., 1985, c. C-44)
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Act current to 2026-05-26 and last amended on 2026-03-26. Previous Versions
Marginal note:Dispensing with auditor
163 (1) The shareholders of a corporation that is not a distributing corporation may resolve not to appoint an auditor.
Marginal note:Limitation
(2) A resolution under subsection (1) is valid only until the next succeeding annual meeting of shareholders.
Marginal note:Unanimous consent
(3) A resolution under subsection (1) is not valid unless it is consented to by all the shareholders, including shareholders not otherwise entitled to vote.
(4) [Repealed, 1994, c. 24, s. 18]
- R.S., 1985, c. C-44, s. 163
- 1992, c. 1, s. 56
- 1994, c. 24, s. 18
- 2001, c. 14, s. 79
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