Hometime

Hometime · Alberta legislation

SS Houses with a Secondary Suite

SS · Business Corporations Act

Part 9 — Directors and Officers

112 Change in number of directors

Current to 2023-12-07 · Official PDF

(1) The shareholders of a corporation may amend the articles
to increase or, subject to section 107(h), to decrease the number of
directors or the minimum or maximum number of directors, but no
decrease shall shorten the term of an incumbent director.
(2) If the shareholders adopt an amendment to the articles of a
corporation to increase the number or minimum number of
directors, the shareholders may, at the meeting at which they adopt
the amendment, elect an additional number of directors authorized
by the amendment, and for that purpose, notwithstanding sections
179(1)
and 267(3), on the issue of a certificate of amendment the
articles are deemed to be amended as of the date on which the
shareholders adopt the amendment to the articles.
1981 cB-15 s107