Hyperlawhypertext legal database Effective Director Regulation

243_94 Effective Director Regulation B.C.

· last amended 2024-04-01

Contents
s. 1 — Effective director

For the purposes of section 1.3 (1) of the Forest Act, effective director means

s. 1(a)

if the rights or powers available to a director or the positions, offices or committees to which a director may be appointed or elected do not vary from one director or class of directors to another director or class of directors, a director, or

s. 1(b)

if the rights or powers available to a director or the positions, offices or committees to which a director may be appointed or elected vary from one director or class of directors to another director or class of directors, a director who, alone or with other directors, has the right

s. 1(b)(i)

to make material corporate decisions or to vote on resolutions of some or all of the directors having the right to make material corporate decisions, or

s. 1(b)(ii)

to elect or appoint, or to vote on resolutions of some or all of the directors having the right to elect or appoint, persons who have the right to make material corporate decisions.