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ARTICLE · 08 APRIL 2022

ONCA Fast Facts: Proxies

Miller Thomson
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The Not-for-Profit Corporations Act, 2010 ("ONCA") came into force on October 19, 2021. Not-for-profit corporations incorporated in Ontario will have a three year transition period to make changes...

CanadaCorporate/Commercial Law
Karima Kanani
Karima Kanani
Michele Szynkaruk
Michele Szynkaruk
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The Not-for-Profit Corporations Act, 2010  ("ONCA") came into force on October 19, 2021. Not-for-profit corporations incorporated in Ontario will have a three year transition period to make changes to their governing documents to comply with the ONCA. During the transition period, the ONCA  will apply where the not-for-profit corporation's existing governing documents are silent. Our ONCA Fast Facts series explores what is new and different in the ONCA. This week we talk about proxies.

Proxy means an authorization by means of which a Member has appointed a proxyholder to attend and act on the Member's behalf at a meeting of the Members to the extent and with the power conferred by the proxy. The ONCA  changes some of the rules and practices for proxies.

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