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Serving on a Board

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?

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One Response to “Serving on a Board”

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.