Ontario Borrowing Bylaw of Corporation

Use this template to prepare a Borrowing Bylaw (Bylaw No. 2) for an Ontario business corporation.

Bylaw No. 2 sets out the powers of the corporation's directors to:

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

This Ontario Borrowing Bylaw of Corporation template is provided in MS Word format. Updated Mar 25/08.