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Glossary of Terms

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Quebec - Corporations Act

The Act which sets out the legal and regulatory framework for all businesses incorporated in the Province of Quebec.


The fixed minimum number of people entitled to attend a meeting who must be present for business to be conducted. Corporate by-laws may specify the minimum number of directors who must be present at a meeting of the board of directors or the minimum number of shareholders who must be present at a shareholders' meeting. If the by-laws do not set out the rules for a quorum, they are normally set out in corporate legislation.


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