Goldman Sloan Nash & Haber LLPToronto, ON · February 29, 2024Changes to the Not-for-Profit Corporations Act, 2010 (Ontario) (ONCA)
On October 19th 2021, the Not-for-Profit Corporations Act, 2010 (Ontario) (“ONCA” or “Act”) was revamped, introducing several new changes for not-for-profit corporations (“NFPs”) in Ontario. The purpose of the legislation is to effectively modernize the laws for not-for-profit corporations. NFPs would have three-years to make necessary changes to their governing documents (letter of patents and...
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