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ARTICLE · 09 AUGUST 2019

BC Government Proposes Amendments To The Societies Act

The Societies Act, SBC 2015, c18 (the "Act") came into force on November 28, 2016 and replaced the former Society Act, RSBC 1996, c 433.

CanadaFinance and Banking

The Societies Act, SBC 2015, c18 (the "Act") came into force on November 28, 2016 and replaced the former Society Act, RSBC 1996, c 433. The Act included significant updates to provide more flexibility to how societies operate, while still protecting the public interest and ensuring accountability in their governance and management of funds.

Since the enactment of the Act in 2016, the BC government, through the Ministry of Finance (the "Ministry"), has closely monitored the effect of the Act and how it has impacted societies and their members. Based on general feedback from societies, the legal community and the public, the Ministry has developed and released 36 newly proposed amendments to the Act. These proposed amendments are aimed at ensuring the Act is more user-friendly by addressing ambiguities, inconsistencies, or omissions within the Act itself and other legislation; streamlining, updating, and refining processes; and removing Corporate Registry filing

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