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ARTICLE · 03 JUNE 2021

Changes To AB Corporate Director Residency And LP Registrations

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The Alberta Government made these changes pursuant to the Red Tape Reduction Implementation Act, 2020.

CanadaCorporate/Commercial Law
Chris Hahn
Chris Hahn
Brady Chapman
Brady Chapman
Sydney Thomson
Sydney Thomson
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On March 29, 2021 and June 1, 2021, changes to the Business Corporations Act  (Alberta) (ABCA) and the Partnership Act  (Alberta) (PA) were proclaimed into force.

The Alberta Government made these changes pursuant to the Red Tape Reduction Implementation Act, 2020 (Alberta) (the RTRI Act). The RTRI Act amends 15 statutes in Alberta, reducing various regulatory requirements and making Alberta a more welcoming jurisdiction to carry on business.

We provide a summary of certain key amendments to the ABCA and the PA below.

Business Corporations Act  (Alberta)

The Alberta Government amended the ABCA to remove the residency requirements for directors of Alberta corporations.

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