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ARTICLE · 26 APRIL 2013

ONCA Default By-Law Released!

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The Ontario government has released draft default by-laws for use under the Not-for-profit Corporations Act, 2012.

CanadaCorporate/Commercial Law
Victoria Prince
Victoria Prince
Anna Naud
Anna Naud
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The Ontario government has released draft default by-laws for use under the Not-for-profit Corporations Act, 2012 ("ONCA").  These by-laws will serve as a guide for corporations transitioning from the Corporations Act (Ontario) to the ONCA, and also will be deemed to be the by-laws for any entity incorporated under the ONCA which has not adopted other by-laws within sixty days of incorporation.  While it is helpful to have the default by-laws as a guide, our experience suggests that most corporations will want to customize their by-laws to their own unique governance situation.  Keep in mind that the ONCA has not yet been proclaimed in force – the Ontario government has stated that January 2014 is the earliest expected date.

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