Marginal note:Borrowing
137 Unless the articles, the by-laws or a unanimous agreement provide otherwise, the directors may, subject to subsection 126(2), without the authorization of the members or shareholders,
(a) borrow money;
(b) give debt obligations;
(c) give guarantees;
(d) create security interests in its property; and
(e) despite paragraph 108(e) and subsection 109(3), delegate any power referred to in any of paragraphs (a) to (d).
- 1998, c. 1, s. 137
- 2001, c. 14, s. 180
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