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Effective April 16, 2007, amendments to The Corporations Act contained in The Corporations Amendment Act, SM 2006, c. 10, come into force. The amendments include the following:
Certain other provisions of The Corporations Amendment Act came into force on Royal Assent (June 13, 2006). Those provisions amended The Corporations Act in areas which include the residency of directors, corporate financial assistance, and the legal responsibilities and liabilities of corporate directors.