Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
109 Authority of directors, officers and agents
company or a person claiming through the company must not assert
against a person dealing with the company or dealing with any
person who has acquired rights from the company
(a) that the instrument of incorporation or bylaws have not been
complied with,
(b) that the persons named in th e most recent notice of directors
filed with the Minister under this Act are not the directors of
the company,
(c) that a person held out by the company as a director, an
officer or an agent of the company
(i) has not been duly appointed, or
(ii) has no authority to exercise a power or perform a duty
that the director, officer or agent might reasonably be
expected to exercise or perform,
or
(d) that a document issued by any director, officer or agent of
the company with actual or usual authority to issue the
document is not valid or not genuine,
RSA 2000
unless the person has, or by virtue of the person's position with or
relationship to the company ought to have, knowledge of those
facts at the relevant time.
1999 cI-5.1 s109