TERMIUM Plus®

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indoor management rule [1 record]

Record 1 2004-02-23

English

Subject field(s)
  • Commercial and Other Bodies (Law)
CONT

It is admitted that no resolution of directors was passed and that no meeting of directors took place. However, the "inside management rule" enunciated inter alia in Royal British Bank v. Turquand ... would apply to protect an innocent third party dealing with Ridout Real Estate Ltd. without notice of those facts and that Miss MacDonald was not the secretary of the company.

CONT

indoor management rule. This rule permits third parties to rely upon officers, directors or employees having the authority to bind the company where their actions would imply that they have such authority.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
CONT

[...] l'application de la règle de la régie interne permettait aux tiers de présumer le respect des règles de régie interne de la compagnie, notamment celles relatives à l'élection des administrateurs, à la nomination des dirigeants et à la tenue des réunions du conseil d'administration et des assemblées générales des actionnaires.

Key term(s)
  • règle de l'indoor management

Spanish

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