Canada Not-for-profit Corporations Act
Definition of appropriate
(a) the person who is specified by the debt obligation or by a special endorsement to be entitled to the debt obligation;
(b) if the person described in paragraph (a) is described as a fiduciary but is no longer serving as one, either that person or their successor;
(c) if the debt obligation or endorsement mentioned in paragraph (a) specifies more than one person as fiduciaries and one or more of those persons is no longer a fiduciary, the remaining fiduciary or fiduciaries, whether or not a successor has been appointed or qualified;
(d) if the person described in paragraph (a) is an individual and is without capacity to act by reason of death, minority or other incapacity, the person’s fiduciary;
(e) if the debt obligation or endorsement mentioned in paragraph (a) specifies more than one person with a right of survivorship and by reason of death not all of the persons can sign, the survivor or survivors;
(f) a person who has the legal power to sign; or
(g) to the extent that a person described in any of paragraphs (a) to (f) may act through an agent or mandatary, the person’s authorized agent or mandatary.
Marginal note:Time for determination
(2) The authority of a person signing is determined as of the time of signing.
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