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ARTICLE · 30 SEPTEMBER 2024

Reminder About The Looming Optional ONCA Transition Deadline

Carters Professional Corporation
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Not-for-profit corporations in Ontario are again reminded of the looming deadline to transition under the Ontario Not-for-Profit Corporations Act, 2019 (the "ONCA"), which is fast approaching on October 18, 2024.

CanadaCorporate/Commercial Law
Theresa L.M. Man
Theresa L.M. Man

Not-for-profit corporations in Ontario are again reminded of the looming deadline to transition under the Ontario Not-for-Profit Corporations Act, 2019 (the "ONCA"), which is fast approaching on October 18, 2024. Corporations have now had nearly three years to undertake the optional transition process by amending their letters patent (by adopting articles of amendment) and adopting ONCA-compliant by-laws. For those that do not undertake the transition, any provisions in their letters patent, supplementary letters patent, by-laws, and special resolutions that are inconsistent with the ONCA (subject to a few exceptions) will be deemed to be amended to comply with the ONCA as of October 19, 2024. For further details on ONCA transitions, please see the August 2024 Charity & NFP Law Update.

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