Help › Legal › Act within your purposes
Act within your purposes
All provinces stand below. Select your province in settings.
A society is formed for the purposes its constitution names, and its money is spent on those purposes.
A society is formed for the purposes its constitution names, and its money is spent on those purposes. Binds: BC societies.
The law’s own words
“A society must not … carry on any activity or exercise any power … that is contrary to its purposes, or … exercise any of the society’s powers in a manner inconsistent with those restrictions or purposes.”
BC Societies Act, s. 7(1) · Read it at BC Laws · Verified 2026-11-06
“A society must not distribute any of its money or other property other than (a) for full and valuable consideration, (b) in furtherance of the purposes of the society, (c) to a qualified recipient …”
BC Societies Act, s. 4 · Read it at BC Laws · Verified 2026-11-07
“Directors of a society who … authorizing a distribution, contrary to this Act or the bylaws, of money or other property 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.”
BC Societies Act, s. 59(1) · Read it at BC Laws · Verified 2026-11-07
“A society must not have, as one of its purposes, the carrying on of a business for profit or gain, but carrying on a business to advance or support the purposes of a society is not prohibited by this subsection.”
BC Societies Act, s. 2(2) · Read it at BC Laws · Verified 2026-11-06
An Ontario corporation is formed for the purposes its articles name, and its money is spent on those purposes — at the end, what is left goes where the statute directs. Binds: Ontario not-for-profit corporations.
The law’s own words
“If any of the purposes of a corporation are of a commercial nature, the articles must state that the commercial purpose is intended only to advance or support one or more of the non-profit purposes of the corporation.”
Ontario Not-for-Profit Corporations Act, s. 8(3) · Read it at Ontario · Verified 2026-11-08
“No part of a corporation’s profits or of its property or accretions to the value of the property may be distributed, directly or indirectly, to a member, a director or an officer of the corporation except in furtherance of its activities or as otherwise permitted by this Act.”
Ontario Not-for-Profit Corporations Act, s. 89(1) · Read it at Ontario · Verified 2026-11-08
“if it is a public benefit corporation, it has no property to distribute or it has distributed its remaining property in accordance with its articles, (A) if it is a charitable corporation, to a Canadian body corporate that is a registered charity under the Income Tax Act (Canada) with similar purposes to its own, the Crown in right of Ontario, the Crown in right of Canada, an agent of either of those Crowns or a municipality in Canada”
Ontario Not-for-Profit Corporations Act, s. 167(1)(d) · Read it at Ontario · Verified 2026-11-08
“Before a charity or religious group can get a charitable gaming licence with the AGCO, you must apply for “charitable gaming eligibility” (CGE). This application decides whether you can get a lottery licence.”
Gaming Control Act, 1992 — AGCO, Apply for a raffle lottery licence · Read it at AGCO · Verified 2026-11-08
“To get a raffle licence from your local municipality, you need to: guarantee that total prizes won’t be more than $50,000 … use paper-based tickets. If you can’t guarantee the prize will be less than $50,000, or if you will be using an electronic solution, you must apply with the AGCO.”
Gaming Control Act, 1992 — AGCO, Apply for a raffle lottery licence · Read it at AGCO · Verified 2026-11-08
Gaming Control Act, 1992 (Ontario) — AGCO raffle licensing
“Before a charity or religious group can get a charitable gaming licence with the AGCO, you must apply for “charitable gaming eligibility” (CGE). This application decides whether you can get a lottery licence.” “To get a raffle licence from your local municipality, you need to: guarantee that total prizes won’t be more than $50,000 … use paper-based tickets. If you can’t guarantee the prize will be less than $50,000, or if you will be using an electronic solution, you must apply with the AGCO.”
Source: AGCO, Apply for a raffle lottery licence · Checked 2026-11-10
A Newfoundland and Labrador corporation without share capital is carried on without monetary gain to its members, for the undertakings its Act names. The province stands no society act of its own: the Corporations Act is the incorporating statute. Binds: Newfoundland and Labrador corporations without share capital.
The law’s own words
“A corporation in respect of which this Part applies shall restrict its undertaking to one that is only of a patriotic, religious, philanthropic, charitable, educational, scientific, literary, historical, artistic, social, professional, fraternal, sporting or athletic nature or the like, including development associations.”
Corporations Act (Newfoundland and Labrador), s. 420 · Read it at Newfoundland and Labrador · Verified 2026-11-11
“The articles of incorporation of a corporation shall provide that, upon dissolution, after payment of all its debts and liabilities, the remaining property shall be distributed to an organization in the province the undertaking of which is charitable or beneficial to the community.”
Corporations Act (Newfoundland and Labrador), s. 430(1) · Read it at Newfoundland and Labrador · Verified 2026-11-11
Corporations Act (Newfoundland and Labrador), sections 420 and 421
“A corporation in respect of which this Part applies shall restrict its undertaking to one that is only of a patriotic, religious, philanthropic, charitable, educational, scientific, literary, historical, artistic, social, professional, fraternal, sporting or athletic nature or the like, including development associations.” “... that the corporation has no authorized share capital and is to be carried on without monetary gain to its members, and that profits or other accretions to the corporation are to be used in furthering its undertaking ...”
Source: House of Assembly — Corporations Act, RSNL 1990, c. C-36, ss. 420, 421 · Checked 2026-11-11
Lottery Licensing Regulations (Newfoundland and Labrador) — charitable lottery licences
“All charitable lotteries and gaming events in Newfoundland and Labrador must be licensed to operate and must be conducted in accordance with the regulations.” “Only eligible charitable, religious and incorporated non-profit organizations, with charitable purposes, may obtain a lottery licence.”
Source: Government of Newfoundland and Labrador — Charitable lottery licensing process (news release, May 27, 2025) · Checked 2026-11-11
Corporations Act (Newfoundland and Labrador), section 430
“The articles of incorporation of a corporation shall provide that, upon dissolution, after payment of all its debts and liabilities, the remaining property shall be distributed to an organization in the province the undertaking of which is charitable or beneficial to the community.”
Source: House of Assembly — Corporations Act, RSNL 1990, c. C-36, s. 430 · Checked 2026-11-11
A company without share capital is formed for the objects its letters patent name, without pecuniary gain to its members. Binds: Prince Edward Island companies without share capital (Part II of the Companies Act).
The law’s own words
“… grant a charter to any three or more persons … a body corporate and politic, without share capital, for the purpose of carrying on in Prince Edward Island, without pecuniary gain to its members, objects of a patriotic, religious, philanthropic, charitable, scientific, artistic, social, professional or sporting character, or the like.”
Companies Act (Prince Edward Island), s. 89 · Read it at Prince Edward Island · Verified 2026-11-08
“the word “shareholder” means a member of such corporation … “shares” or “shares in the capital stock” mean membership dues or fees”
Companies Act (Prince Edward Island), s. 91(2) · Read it at Prince Edward Island · Verified 2026-11-08
“The shareholders of the company shall not as such be held responsible for any act, default or liability whatsoever of the company, or for any engagement, claim, payment, loss, injury, transaction, matter or thing whatsoever relating to or connected with the company, beyond the unpaid amount of their respective shares in the capital stock thereof.”
Companies Act (Prince Edward Island), s. 57 · Read it at Prince Edward Island · Verified 2026-11-08
“No company shall use any of its funds in the purchase of the stock of any other corporation unless expressly authorized by bylaw confirmed at a general meeting.”
Companies Act (Prince Edward Island), s. 61 · Read it at Prince Edward Island · Verified 2026-11-08
“Any real or personal property of a company that has not been disposed of at the time of the forfeiture of its charter under section 72 or the surrender of its charter or the dissolution of the company, as the case may be, is forfeited to the Crown.”
Companies Act (Prince Edward Island), s. 75 · Read it at Prince Edward Island · Verified 2026-11-08
“The charter of a company incorporated under this Part or by private Act of the legislature may be surrendered if the company proves to the satisfaction of the Director (a) that it has no assets or that any assets owned by it immediately prior to the application for leave to surrender its charter have been divided rateably amongst its shareholders; and either (i) that it has no debts, liabilities or obligations, or”
Companies Act (Prince Edward Island), s. 74(1) · Read it at Prince Edward Island · Verified 2026-11-08
“that the debts, liabilities or other obligations of the company have been duly provided for or protected or that the creditors of the company or other persons having interests in such debts, liabilities or other obligations consent; and (b) that the company has given notice of the application for leave to surrender by publishing the same once in the Gazette and once in a newspaper published at or as near as may be to the place where the company has its head office.”
Companies Act (Prince Edward Island), s. 74(1) · Read it at Prince Edward Island · Verified 2026-11-08
A Nova Scotia society is incorporated for the objects the Act names — benevolent, philanthropic, charitable, educational, sporting and the like — and never for carrying on a trade, industry or business. Its property is never divided among its members. Binds: Nova Scotia societies.
The law’s own words
“A society may be incorporated under this Act to promote any benevolent, philanthropic, patriotic, religious, charitable, artistic, literary, educational, social, professional, recreational or sporting or any other useful object, but not for the purpose of carrying on any trade, industry or business.”
Nova Scotia Societies Act, s. 3(1) · Read it at Nova Scotia · Verified 2026-11-11
“No society shall have a capital divided into shares or declare any dividend or distribute its property among its members during the existence of the society and the interest of a member in a society shall not be transferable.”
Nova Scotia Societies Act, s. 4 · Read it at Nova Scotia · Verified 2026-11-11
“A society may, by special resolution, surrender its certificate of incorporation and the Registrar, if satisfied that sufficient notice of the society’s decision to dissolve has been given and that no debts or liabilities of the society are outstanding, may accept the surrender of the certificate, and cancel it, and fix a date from which the society shall be dissolved and its name removed from the register.”
Nova Scotia Societies Act, s. 26 · Read it at Nova Scotia · Verified 2026-11-11
Nova Scotia Societies Act, sections 3 and 4
“A society may be incorporated under this Act to promote any benevolent, philanthropic, patriotic, religious, charitable, artistic, literary, educational, social, professional, recreational or sporting or any other useful object, but not for the purpose of carrying on any trade, industry or business.” “No society shall have a capital divided into shares or declare any dividend or distribute its property among its members during the existence of the society and the interest of a member in a society shall not be transferable.”
Source: Nova Scotia Legislature — Societies Act, RSNS 1989, c. 435, ss. 3, 4 · Checked 2026-11-11
Nova Scotia Societies Act, section 26
“A society may, by special resolution, surrender its certificate of incorporation and the Registrar, if satisfied that sufficient notice of the society’s decision to dissolve has been given and that no debts or liabilities of the society are outstanding, may accept the surrender of the certificate, and cancel it, and fix a date from which the society shall be dissolved and its name removed from the register.”
Source: Nova Scotia Legislature — Societies Act, RSNS 1989, c. 435, s. 26 · Checked 2026-11-11
A company without capital stock is formed for the purposes its letters patent name, and carries on no business or trade for the profit of its members. Binds: New Brunswick companies without capital stock (Companies Act, s. 18).
The law’s own words
“the following provisions (a) to (j) both inclusive, as well as all other provisions of this Act not inconsistent therewith, unless otherwise specified in the letters patent, are applicable to every company so incorporated hereunder without capital stock”
Companies Act (New Brunswick), s. 18(2) · Read it at New Brunswick · Verified 2026-11-11
“the company shall not carry on any business or trade for the profit of its members”
Companies Act (New Brunswick), s. 18(2)(h) · Read it at New Brunswick · Verified 2026-11-11
“the members of the company shall not as such be liable for any debts or obligations of the company”
Companies Act (New Brunswick), s. 18(2)(i) · Read it at New Brunswick · Verified 2026-11-11
“All powers given to the company by letters patent or supplementary letters patent shall be exercised subject to the provisions and restrictions contained in this Act.”
Companies Act (New Brunswick), s. 36 · Read it at New Brunswick · Verified 2026-11-11
“If a company without capital stock has only one class of membership, the rights of those members are equal in all respects and include the right to vote at any meeting of the members of the company.”
Companies Act (New Brunswick), s. 13.1(1) · Read it at New Brunswick · Verified 2026-11-11
“any person whose name is duly entered on the company registry is and continues to be a member until his name is duly removed therefrom pursuant to the provisions of the letters patent or by-laws of the company”
Companies Act (New Brunswick), s. 18(2)(e) · Read it at New Brunswick · Verified 2026-11-11
“notice of the time and place for holding a general meeting of the company shall be given at least fourteen days previous to the time specified in the notice for the meeting by ordinary mail or in some newspaper published in the place where the head office of the company is situate”
Companies Act (New Brunswick), s. 103(a) · Read it at New Brunswick · Verified 2026-11-11
Companies Act (New Brunswick), sections 13.1, 18 and 103
“If a company without capital stock has only one class of membership, the rights of those members are equal in all respects and include the right to vote at any meeting of the members of the company.” “any person whose name is duly entered on the company registry is and continues to be a member until his name is duly removed therefrom pursuant to the provisions of the letters patent or by-laws of the company” “notice of the time and place for holding a general meeting of the company shall be given at least fourteen days previous to the time specified in the notice for the meeting by ordinary mail or in some newspaper published in the place where the head office of the company is situate”
Source: Companies Act (New Brunswick), ss. 13.1(1), 18(2)(e), 103(a) · Checked 2026-11-11
A Manitoba corporation without share capital is incorporated for the undertakings the Act names — patriotic, religious, philanthropic, charitable, educational, sporting and the like — and is carried on without pecuniary gain to its members. What is left on dissolution goes where its articles provide, and where they do not, to an organization in Canada whose undertaking is charitable or beneficial to the community. Binds: Manitoba corporations without share capital (The Corporations Act, Part XXII).
The law’s own words
“No articles shall be accepted for filing without the prior approval of the minister, and the corporation shall restrict its undertaking to one that is only of a patriotic, religious, philanthropic, charitable, educational, agricultural, scientific, literary, historical, artistic, social, professional, fraternal, sporting or athletic nature or the like.”
The Corporations Act (Manitoba), s. 267(1) · Read it at Manitoba · Verified 2026-11-11
“that the corporation has no authorized share capital and shall be carried on without pecuniary gain to its members, and that any profits or other accretions to the corporation shall be used in furthering its undertaking”
The Corporations Act (Manitoba), s. 268(b) · Read it at Manitoba · Verified 2026-11-11
“Where the articles of incorporation do not provide for a distribution of its remaining property under subsection (1), the corporation shall, by special resolution, after payment of all debts and liabilities, distribute or dispose of the remaining property to any organization in Canada the undertaking of which is charitable or beneficial to the community.”
The Corporations Act (Manitoba), s. 277(2) · Read it at Manitoba · Verified 2026-11-11
The Corporations Act (Manitoba), sections 267 and 268
“No articles shall be accepted for filing without the prior approval of the minister, and the corporation shall restrict its undertaking to one that is only of a patriotic, religious, philanthropic, charitable, educational, agricultural, scientific, literary, historical, artistic, social, professional, fraternal, sporting or athletic nature or the like.” “that the corporation has no authorized share capital and shall be carried on without pecuniary gain to its members, and that any profits or other accretions to the corporation shall be used in furthering its undertaking”
Source: Manitoba Laws — The Corporations Act, CCSM c C225, ss. 267, 268 · Checked 2026-11-11
The Corporations Act (Manitoba), section 277
“The articles of incorporation may provide that upon dissolution, the remaining property may be distributed among all the members or among the members of a class or classes of members or to one designated organization or more, or any combination thereof.” “Where the articles of incorporation do not provide for a distribution of its remaining property under subsection (1), the corporation shall, by special resolution, after payment of all debts and liabilities, distribute or dispose of the remaining property to any organization in Canada the undertaking of which is charitable or beneficial to the community.”
Source: Manitoba Laws — The Corporations Act, CCSM c C225, s. 277 · Checked 2026-11-11
A Saskatchewan corporation is one of two kinds — a membership corporation or a charitable corporation — and its property and profits serve its activities, never a member’s pocket. Binds: Saskatchewan corporations under The Non-profit Corporations Act, 2022.
The law’s own words
“Subject to subsection (2), any profits or accretions to the value of the property of a corporation must be used to further its activities, and no part of the property or profits of the corporation may be distributed, directly or indirectly, to a member, director or officer of the corporation except as permitted pursuant to this Act.”
The Non-profit Corporations Act, 2022 (Saskatchewan), s. 5-7(1) · Read it at Publications Saskatchewan · Verified 2026-11-08
An Alberta society is incorporated for the purposes the Act names — benevolent, philanthropic, charitable, provident, scientific, artistic, literary, social, educational, agricultural, sporting or other useful purposes, but not trade or business — and its funds and property serve those objects only. Nothing of its property goes to its members while it stands. Binds: Alberta societies (Societies Act, RSA 2000, c S-14).
The law’s own words
“Five or more persons may become incorporated under this Act for any benevolent, philanthropic, charitable, provident, scientific, artistic, literary, social, educational, agricultural, sporting or other useful purpose, but not for the purpose of carrying on a trade or business.”
Societies Act (Alberta), s. 3(1) · Read it at King’s Printer for Alberta · Verified 2026-11-11
“The funds and property of the society shall be used and dealt with for its legitimate objects only and in accordance with its bylaws.”
Societies Act (Alberta), s. 17(2) · Read it at King’s Printer for Alberta · Verified 2026-11-11
“No society shall have a capital divided into shares or declare any dividend or distribute its property among its members during the existence of the society.”
Societies Act (Alberta), s. 4(1) · Read it at King’s Printer for Alberta · Verified 2026-11-11
“The interest of a member in a society is not transferable.”
Societies Act (Alberta), s. 4(2) · Read it at King’s Printer for Alberta · Verified 2026-11-11
“A society may, by special resolution, surrender its certificate of incorporation.”
Societies Act (Alberta), s. 34(1) · Read it at King’s Printer for Alberta · Verified 2026-11-11
A Yukon society is incorporated for one or more lawful purposes — never for carrying on a business for profit or gain, though it may carry on a business to advance its purposes. Its constitution names only its name and its purposes, it holds no share capital, and its money and property move only as the Act allows. Binds: Yukon societies (Societies Act, SY 2018, c. 15).
The law’s own words
“a society may be incorporated under this Act for one or more lawful purposes.”
Societies Act (Yukon), s. 3(1) · Read it at Yukon Legislation · Verified 2026-11-09
“A society must not have, as one of its purposes, the carrying on of a business for profit or gain, but a society may carry on a business to advance or support the purposes of the society.”
Societies Act (Yukon), s. 3(2) · Read it at Yukon Legislation · Verified 2026-11-09
“A society must not have capital divided into shares.”
Societies Act (Yukon), s. 4 · Read it at Yukon Legislation · Verified 2026-11-09
“A society must not distribute any of its money or other property other than (a) for full and valuable consideration; (b) in furtherance of the purposes of the society; (c) for the payment of costs and expenses incurred in the normal course of the society’s activities and operations, including wages and other operating expenses; (d) to a qualified recipient.”
Societies Act (Yukon), s. 5 · Read it at Yukon Legislation · Verified 2026-11-09
“A society must not carry on any activity or exercise any power in a manner contrary to its purposes or bylaws.”
Societies Act (Yukon), s. 8(1) · Read it at Yukon Legislation · Verified 2026-11-09
“A society must have a constitution that sets out only the following: (a) the name of the society; (b) the purposes of the society.”
Societies Act (Yukon), s. 11 · Read it at Yukon Legislation · Verified 2026-11-09
“The constitution of a society must not include the statement set out in subsection (1) if the society is a registered charity as defined in subsection 248(1) of the Income Tax Act (Canada) or is another qualified donee as defined in subsection 149.1(1) of that Act”
Societies Act (Yukon), s. 185(2) · Read it at Yukon Legislation · Verified 2026-11-09
“A distribution of money or other property under paragraph (1)(b) must be made only (a) to a qualified recipient specified in the bylaws of the society; or (b) if the bylaws do not specify a qualified recipient for such a distribution, to a qualified recipient specified in an ordinary resolution of the society or, if passing an ordinary resolution is not feasible, specified in a directors’ resolution.”
Societies Act (Yukon), s. 137(2) · Read it at Yukon Legislation · Verified 2026-11-09
A Northwest Territories society is incorporated for the purposes the Act names — benevolent, philanthropic, charitable, religious, provident, scientific, artistic, literary, social, educational, sporting or other useful purposes, but not the carrying on of a trade or business — and its funds and property serve those objects only. Nothing of its property goes to its members while it stands, and a member is not liable for the society’s debts. Binds: Northwest Territories societies (Societies Act, R.S.N.W.T. 1988, c. S-11).
The law’s own words
“Subject to this Act, five or more persons may have a society incorporated under this Act for any benevolent, philanthropic, charitable, religious, provident, scientific, artistic, literary, social, educational, sporting or other useful purpose other than the carrying on of a trade or business”
Societies Act (Northwest Territories), s. 2 · Read it at Government of the Northwest Territories · Verified 2026-11-08
“The funds and property of a society must be used and dealt with for its objects only and in accordance with its bylaws.”
Societies Act (Northwest Territories), s. 9(2) · Read it at Government of the Northwest Territories · Verified 2026-11-08
“No society shall (a) have a capital divided into shares; (b) declare any dividend; or (c) distribute its property among its members during the existence of the society.”
Societies Act (Northwest Territories), s. 12 · Read it at Government of the Northwest Territories · Verified 2026-11-08
“A member of a society is not liable in his or her individual capacity for any debt or liability of the society.”
Societies Act (Northwest Territories), s. 13 · Read it at Government of the Northwest Territories · Verified 2026-11-08
Northwest Territories Societies Act, section 2
“Subject to this Act, five or more persons may have a society incorporated under this Act for any benevolent, philanthropic, charitable, religious, provident, scientific, artistic, literary, social, educational, sporting or other useful purpose other than the carrying on of a trade or business” “make and subscribe to an application, in the prescribed form, setting out the intended name of the society and the purpose or purposes for which incorporation is desired” “subscribe to bylaws agreed upon by them for the government of the society containing provisions for all the matters set out in section 5” “transmit to the Registrar the application and bylaws, together with the prescribed fee”
Source: Government of the Northwest Territories — Societies Act, R.S.N.W.T. 1988, c. S-11, s. 2 · Checked 2026-11-08
Northwest Territories Societies Act, sections 9 and 12
“The funds and property of a society must be used and dealt with for its objects only and in accordance with its bylaws.” “No society shall (a) have a capital divided into shares; (b) declare any dividend; or (c) distribute its property among its members during the existence of the society.”
Source: Government of the Northwest Territories — Societies Act, R.S.N.W.T. 1988, c. S-11, ss. 9, 12 · Checked 2026-11-08
Northwest Territories Societies Act, sections 5 and 11
“the audit of accounts” “the appointment and removal of directors and other officers and their duties, powers and remuneration” “the exercise of borrowing powers” “For the purpose of carrying out its objects a society may borrow, raise or secure the payment of money in the manner that it considers appropriate, including the issue of debentures, but this power may be exercised only under the authority of the bylaws of the society, and in no case shall debentures be issued except pursuant to an extraordinary resolution of the society.”
Source: Government of the Northwest Territories — Societies Act, R.S.N.W.T. 1988, c. S-11, ss. 5, 11 · Checked 2026-11-08
The legal person is constituted by letters patent for the objects they name — national, patriotic, religious, philanthropic, charitable, scientific, artistic, social, professional, athletic or sporting objects, or the like — without pecuniary gain, and for no other purpose. Its directors act with prudence and diligence, and with honesty and loyalty in its interest. The members are not personally responsible for its debts. Binds: Quebec legal persons without share capital (Companies Act, CQLR c. C-38, Part III; Civil Code of Québec).
The law’s own words
“The enterprise registrar may, by letters patent under his hand and seal, grant a charter to any number of persons, not less than three, who apply therefor, for objects of a national, patriotic, religious, philanthropic, charitable, scientific, artistic, social, professional, athletic or sporting character, or the like, but without pecuniary gain.”
Companies Act (Quebec), s. 218 · Read it at LégisQuébec · Verified 2026-11-09
“Le registraire des entreprises peut, au moyen de lettres patentes sous ses seing et sceau, accorder une charte à tout nombre de personnes, n’étant pas moindre que trois, qui demandent leur constitution en personne morale sans intention de faire un gain pécuniaire, dans un but national, patriotique, religieux, philanthropique, charitable, scientifique, artistique, social, professionnel, athlétique ou sportif ou autre du même genre.”
Loi sur les compagnies (Companies Act) (Québec), art. 218 · Read it at LégisQuébec · Verified 2026-11-09
“The members shall not be personally responsible for the debts of the legal person.”
Companies Act (Quebec), s. 226 · Read it at LégisQuébec · Verified 2026-11-09
“Les membres ne sont pas personnellement responsables des dettes de la personne morale.”
Loi sur les compagnies (Companies Act) (Québec), art. 226 · Read it at LégisQuébec · Verified 2026-11-09
“A director shall act with prudence and diligence. He shall also act with honesty and loyalty in the interest of the legal person.”
Act respecting the Civil Code of Québec (S.Q. 1991, c. 64) — Civil Code of Québec, art. 322 · Read it at LégisQuébec · Verified 2026-11-09