Application to rectify corporate records dismissed; parties' conduct established valid share transfer and director appointments despite missing documents.
The applicant sought a declaration that his mother and sister were not appointed directors of the respondent corporation in 2005, and that his mother did not purchase shares during a corporate restructuring.
He also sought rectification of corporate documents under s. 250 of the OBCA.
The court dismissed the application, finding that despite missing and unexecuted documents, the parties' subsequent conduct and other documentary evidence established a valid share transfer and director appointments.
The applicant failed to meet the test for rectification, as he could not prove a prior agreement that differed from the existing corporate records.
SCJSuperior Court of JusticeFeb 9, 2024