Canada Corporate Borrowing Bylaw

Establish the borrowing powers of the directors of a Canadian business corporation with this downloadable Canada Corporate Borrowing Bylaw.

In accordance with Section 189(1) of the Business Corporations Act, the borrowing bylaw sets out the powers of the directors to:

• borrow money,
• create debt obligations,
• grant security to lenders on behalf of the corporation, and
• delegate those powers to committees or officers.

The Corporate Borrowing Bylaw can be used for federal corporations and in Alberta, BC, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and NWT.