Bill 154 passed third reading on November 1, 2017 and received Royal Assent on November 14, 2017.
We previously reported on Bill 154’s proposed amendments to the Corporations Act and Not-for-Profit Corporations Act. The Bill passed with no substantive change from the version of the Bill that was first introduced. See our previous bulletin detailing the changes.
The changes to the Corporations Act (Ontario) highlighted in our previous bulletin will be effective as follows:
Effective from November 14, 2017
Effective January 13, 2018 (60 days from date of Royal Assent)
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