Tuesday, November 27, 2007

B.C. Law Institute Consultation Paper on a New Society Act

The British Columbia Law Institute has published a Consultation Paper On Proposals for a New Society Act.

The theme of most of the proposals is to harmonize the Society Act with the British Columbia Business Corporations Act. The Society Act allows not-for-profit organizations to incorporate provincially.

The current legislation was last overhauled in 1977 (although there have been a few changes since then), and was intended to compliment British Columbia's 1973 Company Act. The Company Act has since been replaced by the Business Corporations Act in 2004, which has substantially changed corporate procedures. But, the Society Act is still based on the 1973 Company Act model.

If you would like to comment on the proposals, you may do so before February 29, 2008, by completing a response booklet and sending it to the British Columbia Law Institute. (Contact information is shown in the booklet.)

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