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What could happen to a corporation if there are no directors (i.e., it is directorless)?

April 26, 2017corporation Directors

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What could happen to a corporation if there are no directors (i.e., it is directorless)?

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Subsection 212(1) of the CBCA allows the Director appointed under the CBCA to dissolve a corporation that does not have any directors or where all the directors of a corporation have resigned or have been removed without replacement.