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ARTICLE · 13 JUNE 2022

Additional Changes To Alberta's Business Corporations Act Now In Effect

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The Alberta Government's Business Corporations Amendment Act, 2021 (formerly Bill 84), which we wrote on in our previous insight Additional Changes Coming to Alberta's Business Corporations Act...

CanadaCorporate/Commercial Law
Denise D. Bright
Denise D. Bright
Brent Kraus
Brent Kraus
Graham Cook
Graham Cook
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The Alberta Government's Business Corporations Amendment Act, 2021 (formerly Bill 84), which we wrote on in our previous insight Additional Changes Coming to Alberta's Business Corporations Act, was proclaimed into force on May 31, 2022. The amendments to the Business Corporations Act (Alberta) (ABCA) made by Bill 84 are consistent with amendments made through the Red Tape Reduction Implementation Act, 2020, as discussed in Important Changes to the Alberta Business Corporations Act Now in Effect. The amendments, generally, modernize the ABCA, afford additional flexibility to corporations, directors and shareholders in organizing their affairs and reduce regulatory and administrative burdens for Alberta corporations, all with the objective of retaining existing businesses in, and attracting new businesses to, Alberta.

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