Hometime

Hometime · Alberta legislation

SS Houses with a Secondary Suite

SS · Business Corporations Act

Part 3 — Capacity and Powers

16.1 Waiver of business interests

Current to 2023-12-07 · Official PDF

(1) Subject to the regulations, a corporation may waive any
interest or expectancy of the corporation in or to, or in being
offered an opportunity to participate in, a specified business
opportunity or specified classes or categories of business
opportunities that are offered or presented to the corporation or one
or more of its officers, directors or shareholders.
(2) Subject to the regulations, a waiver referred to in subsection (1)
may only be made if the corporation's articles of incorporation or a
unanimous shareholder agreement enables the ability to so waive,
or in any other manner set out in the regulations.
(3) Subject to the regulations, a waiver may be modified or
revoked.
2021 c18 s5