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ARTICLE · 07 APRIL 2015

Introduction Of New Societies Act

The new Societies Act will receive first reading at the BC Legislature today.

CanadaCorporate/Commercial Law

The new Societies Act will receive first reading at the BC Legislature today.

Yesterday evening, by teleconference the Minister of Finance, the Honourable Michael de Jong, announced that he would introduce a bill proposing a new Societies Act in the BC Legislature on the afternoon of March 25. The Minister noted that consultations had brought to light a number of different views on the various provisions of the proposed new legislation as set out in the White Paper released in August 2014, but that the overwhelming desire of the voluntary sector was that the government move forward with the legislative reform.

It appears likely that the Bill will differ in a number of respects from the draft legislation that accompanied the White Paper. The Minister noted in particular several revisions that have been made as a result of concerns expressed in consultations.

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