Canada Not-for-profit Corporations Act
Version of section 126 from 2018-05-01 to 2024-10-30:
Marginal note:Qualifications of directors
126 (1) The following persons are disqualified from being a director of a corporation:
(a) anyone who is less than 18 years of age;
(b) anyone who is incapable;
(c) a person who is not an individual; and
(d) a person who has the status of a bankrupt.
Marginal note:Membership
(2) Unless the by-laws otherwise provide, a director of a corporation is not required to be a member of the corporation.
Marginal note:No alternate directors
(3) No person shall act for an absent director at a meeting of directors.
- 2009, c. 23, s. 126
- 2018, c. 8, s. 100
- Date modified: