Canada Business Corporations Act
Part XIV Financial Disclosure
Section 163

Dispensing With Auditor

(1) The shareholders of a corporation that is not a distributing corporation may resolve not to appoint an auditor.

Limitation

(2) A resolution under subsection (1) is valid only until the next succeeding annual meeting of shareholders.

Unanimous consent

(3) A resolution under subsection (1) is not valid unless it is consented to by all the shareholders, including shareholders not otherwise entitled to vote. (4) [Repealed, 1994, c. 24, s. 18]