41
CurrentDisclosures before commencement
41 Disclosures before commencement
(1)
A disclosure of an interest under subsection 49D(1) of the old Act to the members of a transitional corporation's Governing Committee is taken for the purposes of the new Act to be a notice of the interest given under subsection 268‑1(1) of the new Act to the corporation's directors.
(2)
An approval in accordance with subsection 49D(2) of the old Act by a transitional corporation's Governing Committee is taken to be a resolution passed by the corporation's directors in accordance with subsection 268‑20(4) of the new Act.
(3)
This item does not limit item 6.
This Act’s bill:Explanatory memorandumSecond reading speech
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