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A natural person or legal person who ceases to meet his liabilities and who has made an assignment of his property or against whom a bankruptcy order has been issued under the Bankruptcy and Insolvency Act.
23/07/2024
Article 339 of the Civil Code of Quebec states that, by default, a director’s term is one year. However, the declaration of co-ownership (By-law of the immovable) generally specifies the applicable terms for this role, including the duration of the mandate, which may be extended to two or three years, depending on…...
23/07/2024
The provisions related to the appointment and replacement of the directors are provided for in the By-laws of the immovable (2nd part of the declaration of co-ownership). In their absence, they are also found in the Civil Code of Quebec (C.C.Q.). The law thus leaves it to the co-owners to…...