Ontario Barrister and Solicitor Practice Exam

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Study for the Ontario Barrister and Solicitor Exam. Quiz with flashcards and multiple choice questions, each with hints and explanations. Prepare for your legal career!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Is an application for continuance required to be authorized by an ordinary resolution of shareholders under the OBCA?

Yes, always
No, never
Only for specific cases
Depends on the bylaws of the corporation

The correct answer is: No, never

B No, never While an ordinary resolution of shareholders may be needed for certain actions, it is not legally required for an application for continuance under the OBCA. The bylaws of the corporation may outline the process for making such an application, but it does not have to be authorized by a resolution of the shareholders. Therefore, options A, C, and D are incorrect.