Section 158 — Canada Business Corporations Act: Approval of financial statements

The directors of a corporation shall approve the financial statements referred to in section 155 and the approval shall be evidenced by the manual signature of one or more directors or a facsimile of the signatures reproduced in the statements. A corporation shall not issue, publish or circulate copies of the financial statements referred to in section 155 unless the financial statements are approved and signed in accordance with subsection (1); and accompanied by the report of the auditor of the corporation, if any.