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offended the BCBCA. Second, in Maudore, (77) the Ontario Superior Court
Mundoro is a corporation established under the BCBCA that operates
that the BCBCA permits directors to postpone an annual meeting.
concluded that the BCBCA grants directors residual powers to manage the
providing directors with only those powers that the BCBCA explicitly
interpretation, the BCBCA and Mundoro's articles granted the
Punnett J held that neither the BCBCA nor the articles prevented
The company earlier acquired more than 90% of Discovery outstanding common shares under the takeover offer, and has completed the compulsory acquisition of the remaining Discovery common shares under the BCBCA.
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