Serving on a Board

June 3rd, 2007 by Questions

I am aware of the fact that a person can not serve on the board of a corporation while being a bankrupt. Is the same true of serving on the board of a non-profit or registered charitable organization?

Questions

One Response to “Serving on a Board”


June 04, 2007 at 9:56 am, Barton Goth GCO Bankruptcy Trustees said:

It is typically the provincial and federal buisiness corporations act that prohibits you being a director of a limited company, so if the organization you serve on meets the definition of a company under these pieces of legislation then you would likely have to resign, but if they aren’t commented on then I see no reason that resignation would be necessary.

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