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Difference between revisions of "Preparing for Transition under the New Societies Act"
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Preparing for Transition under the New Societies Act (view source)
Revision as of 15:58, 5 December 2016
, 15:58, 5 December 2016→Step 1. Consider member-funded society status
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To become a member-funded society, a society must meet a qualification test and get the approval of its members in a special resolution. If a society doesn’t adopt the member-funded society designation on transition, it will need a court order to do so later. | To become a member-funded society, a society must meet a qualification test and get the approval of its members in a special resolution. If a society doesn’t adopt the member-funded society designation on transition, it will need a court order to do so later. | ||
See the section "[[What the New Societies Act Means for Existing Societies#You need to decide whether to become a member-funded society|You need to decide whether to become a member-funded society]]" for the issues to consider in | See the section "[[What the New Societies Act Means for Existing Societies#You need to decide whether to become a member-funded society|You need to decide whether to become a member-funded society]]" for the issues to consider in whether to adopt this designation. | ||
==Step 2. Update Corporate Registry filings== | ==Step 2. Update Corporate Registry filings== | ||
