Board of Directors in Condo Corporations Rule (ON)

In the recent decision, 3716724 Canada Inc. v Carleton Condominium Corporation No. 375[1], the Ontario Court of Appeal found that the “business judgment rule” applies to decisions of boards of condominium corporations. As such, in applying the “business judgment rule”, the decision of boards of condominium corporation are owed deference similarly to for-profit corporations and non-for-profit corporations. The court will not determine whether their decision was the perfect one if a condominium corporation’s board’s decision is found to have been within the range of reasonable choices that they could have made in weighing conflicting interests.      Read the article……………


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