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Condominium Corporations Benefit From Business Judgment Rule Just Like For-Profit Corporations
In the case of 3716724 Canada Inc. v. Carleton Condominium Corporation No. 375, the Ontario Court of Appeal held that decisions of boards of non-profit condominium corporations are owed the same deference as are those of for-profit corporations, relying on the "business judgment rule."
Canada
21 Sep 2016
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