This paper addresses the question of the standard of care required from the directors of corporations. At the time of publication, there were different commonlaw rules about Corporate Directors’ Liability in different jurisdictions: that in Alberta being that “a director is not expected to exhibit ‘a greater degree of skill than may [reasonably] be expected from a person of his [sic] knowledge and experience’”; that in Delaware being much higher, that in Indiana being lower; […]
|AREA OF LAW||Corporate and Commercial|
|TAGS||business judgement, breach, corporation, director, duty of care, fiduciary, liability|
February 3, 1989
This report makes recommendations for the enactment of a new Incorporated Associations Act, which would repeal both the Companies Act and the Societies Act and apply only to true non-profit associations. The Act would not replace some specialized statutes such as the Cemetery Companies Act, the Co-operative Associations Act, and the Agricultural Societies Act and would not apply to non-profit corporations incorporated by the Legislature under special individual Acts. Many parts of the draft Act […]
|TAGS||association, director, distribution, incorporation, name, Property, society|
Bill 54 (Volunteer Incorporations Act) introduced into Alberta Legislature, June 15, 1987.
March 1, 1987