Ontario Borrowing Bylaw of Corporation

Prepare a General Bylaw for a Non-Offering Corporation with this template form for the Province of Ontario.

• A non-offering corporation is one that does not offer its securities to the public.
• This Bylaw No. 1 template sets out generally how the business of the corporation will be conducted, including such things as:
  • meetings of shareholders and directors,
  • appointment and duties of officers,
  • indemnity of directors and officers,
  • method of giving notice.
• Available in MS Word format and easy to download and use. 
• Intended to be used only in the Province of Ontario, Canada.

Establish the borrowing powers of the directors of a Canadian business corporation with this downloadable Corporate Borrowing Bylaw form.

• In accordance with the requirements of the Business Corporations Act, the borrowing bylaw sets out the powers of the directors to:
  • borrow money,
  • create debt obligations,
  • grant security to lenders on behalf of the corporation, and
  • delegate those powers to committees or officers.
• The Corporate Borrowing Bylaw can be used for federal corporations and in the provinces and territories of Alberta, BC, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and NWT.

Appoint a financial institution to act as bankers for a Canadian corporation with this Directors Resolution template.

Approval Required

Before the corporation sets up its bank accounts, the choice of a bank must be approved by the directors. The bank will also require copies of the proper corporate approvals.

Who Can Use the Directors Resolution Template

This form can be used by any business corporation in Canada, whether incorporated federally or in one of the provinces that has Business Corporations Act legislation.

Format and Applicability

The template is available in MS Word format. It is easy to use, fully editable, and can be reused whenever necessary. It is intended to be used only within Canada.

Adopt a banking resolution for an Ontario business corporation with this template Directors Resolution Approving Banking Resolution.

• The Board of Directors of the corporation approve and adopt the bank's form of banking resolution as a resolution of the corporation, and authorize its execution by the board.
• The form complies with the requirements of the Ontario Business Corporations Act.
• This template is a downloadable and fully editable MS Word file.
• Intended for use only by corporations formed in the Province of Ontario.

Prepare a Directors Resolution declaring a dividend of company property with this easy template for an Ontario corporation.

• The corporation wishes to dividend certain property that it owns to the shareholders, under subsection 38(1) of the Ontario Business Corporations Act.
• The corporation will not be insolvent or unable to pay its debts and liabilities as a result of the dividend.
• The directors set the monetary value of the property dividended, based on its determined value.
• The Ontario Directors Resolution Declaring Dividend of Company Property is downloadable and fully editable.