341 - Legal lexicon
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341

Where the board is prevented from acting according to majority rule or another specified proportion owing to an impediment or the systematic opposition of some directors, the others may act alone for conservatory acts; they may also, with the authorization of the court, act alone for acts requiring immediate action.

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Where the situation persists and the administration is seriously impeded as a result, the court, on the application of an interested person, may exempt the directors from acting in the specified proportion, divide their duties, grant a casting vote to one of them or make any order it sees fit in the circumstances.

1991, c. 64, a. 341.

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