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Act honestly and with care
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Yukon stands fully covered: its own filings and guidance stand in the books beside the federal ones.
Directors and officers act honestly and in good faith, in the society’s best interests, with the care a reasonable person would show.
A Yukon society stands on at least three directors, one ordinarily resident in Yukon, and a majority of them take no pay from the society beyond a director’s pay. Its directors manage it honestly and in its best interests, declare an interest and step back from it, and answer for money or property distributed against the Act. Binds: Yukon societies (Societies Act, SY 2018, c. 15).
The law’s own words
“A society must have at least three directors and at least one of the directors is to be ordinarily resident in Yukon.”
Societies Act (Yukon), s. 43 · Read it at Yukon Legislation · Verified 2026-11-09
“A majority of the directors of a society must not receive or be entitled to receive remuneration from the society or a subsidiary of the society under contracts of employment or contracts for services, other than remuneration for being a director.”
Societies Act (Yukon), s. 44 · Read it at Yukon Legislation · Verified 2026-11-09
“Subject to this Act, the regulations and the bylaws, the directors of a society must manage, or supervise the management of, the activities and internal affairs of the society.”
Societies Act (Yukon), s. 56 · Read it at Yukon Legislation · Verified 2026-11-09
“A director of a society must, when exercising the powers and performing the functions of a director of the society (a) act honestly and in good faith with a view to the best interests of the society; (b) exercise the care, diligence and skill that a reasonably prudent individual would exercise in comparable circumstances; (c) act in accordance with this Act and the regulations.”
Societies Act (Yukon), s. 57(1) · Read it at Yukon Legislation · Verified 2026-11-09
“A director to whom this section applies must (a) disclose fully and promptly to the other directors the nature and extent of the director’s interest; (b) abstain from voting on a directors’ resolution or consenting to a consent resolution of directors in respect of the contract, transaction or matter referred to in subsection (1)”
Societies Act (Yukon), s. 60(2) · Read it at Yukon Legislation · Verified 2026-11-09
“Directors who authorize a distribution referred to in subsection (1) are jointly and severally liable to restore to the society any money or other property that is so distributed and not otherwise recovered by the society.”
Societies Act (Yukon), s. 63(2) · Read it at Yukon Legislation · Verified 2026-11-09
“A society must not sell, lease or otherwise dispose of all or substantially all of its property unless the society has been authorized to do so by special resolution.”
Societies Act (Yukon), s. 97(1) · Read it at Yukon Legislation · Verified 2026-11-09