25
In forcePrimary nominee in corporation
Part 3Registration
Division 3.3Nominees
25 Primary nominee in corporation
(1)
This section applies if a firm that is a corporation has more than 1 nominee.
(2)
If only 1 nominee is a director of the firm, that nominee is the firm’s primary nominee.
(3)
If more than 1 nominee is a director of the firm, the firm must nominate 1 nominee who is a director to be the firm’s primary nominee.
(4)
If no nominee is a director, the firm must nominate a nominee to be the firm’s primary nominee.
This Act’s bill:Explanatory statementSecond reading speech
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