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ARTICLE · 02 FEBRUARY 2015

British Columbia Society Act Update

Miller Thomson
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Pursuant to the draft legislation existing societies will have a two-year transition period to file a transition application and to adopt the changes to their constitutions and bylaws required by the new legislation.

CanadaCorporate/Commercial Law
Brendan Burns
Brendan Burns
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As previously reported in this Newsletter, the British Columbia Ministry of Finance released a White Paper in early August of 2014 containing policy recommendations for a new Society Act to regulate the governance, organization and operation of non-share capital entities incorporated in British Columbia. 

At a roundtable discussion with stakeholders held on January 26, 2015, British Columbia's Finance Minister, Michael de Jong, indicated that during the consultation period on the draft legislation, which ended on October 15, 2014, the Ministry of Finance received over 7,000 submissions.  Minister de Jong indicated that these submissions primarily commented on section 98 of the draft legislation, which provides members of a society with the right to go to court if they think they are oppressed or have been treated unfairly by the society, its directors or other members, and on section 99 of the draft legislation, which provides members of the general public with the

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