RCCP Sec. 35 vs. Sec. 41 Corporate Investment

Posted on by lexrex_bv
Post updated on: May 21, 2022 @ 7:29 am



Section 35Section 41
What may be exercisedGeneral and implied powersInvestment only, not under implied power
Investment of fundsFor primary purpose (an implied power under 35[k])In another corporation, business or purpose
ApprovalBy a resolution of the Board+⅔ OCS or members

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