incorporating in Canada
the journal of Michael Werneburg
twenty-seven years and one million words
Toronto, 2012.09.24
I found some amusing guidance on who can serve as a director for federally-incorporated corporations in Canada.
5. Can a corporation be a director on the Board of Directors?
No, directors must be individuals.
Subsection 105(1) of the CBCA, disqualifies from being a director:
a) anyone who is less than eighteen years of age;
b) anyone of unsound mind;
c) a person who is not an individual;
d) and a person who has the status of bankrupt
How far do you suppose c) goes? Is there a test for individuality? E.g. if you watch too much television or rarely state your opinion, do you lose points?