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ARTICLE · 08 MARCH 2011

A Look Ahead to 2011

Borden Ladner Gervais LLP
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2011 will be a very important year for all associations and charities who were incorporated under the "Canada Corporations Act".

CanadaCorporate/Commercial Law
William Pashby
William Pashby
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A. VERY IMPORTANT LEGAL CHANGES IN 2011

2011 will be a very important year for all associations and charities who were incorporated under the Canada Corporations Act. The new Not-for-Profit Corporations Act is expected to be in force mid-year. This is the first major change in this legislation in almost a century. All these corporations will then have three years in which to take the appropriate steps to review their by-laws and prepare, have approved and file, applications for continuance under the new legislation. If they fail to do so they may be automatically dissolved. Don't let this happen to your organization.

Borden Ladner Gervais LLP (BLG) is preparing a program which will assist all of our clients in creating the appropriate documents and providing advice with respect to how to deal with the new Act. Meanwhile, please take a look at Sylvie Lalonde's article about the new Act in this edition.

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