Director Statutory Declaration (Amalgamation) (CBCA)

Summary

This precedent is a statutory declaration of the director in the matter of amalgamation under the Canada Business Corporations Act, R.S.C., 1985, c. C-44 (CBCA). This precedent includes practical guidance and drafting notes. Amalgamation is the consolidation of the separate operations of multiple corporations into a single entity whereby that entity assumes all the rights and obligations of the amalgamating corporations. This precedent is a statutory declaration of the director in the matter of amalgamation stating that liabilities will be paid and that no creditor objects to the amalgamation. For more information about board resolutions and amalgamations in merger and acquisition transactions under the CBCA, see practice note: Amalgamations in M&A Transactions (CBCA, OBCA). To view an amalgamation agreement under the CBCA, see the precedent: Amalgamation Agreement (CBCA). For more information on amalgamations of business corporations, see the Amalgamation Resource Kit (CBCA, ABCA, ...