Source: https://www.leg.bc.ca/content/legacy/Web/37th4th/3rd_read/gov60-3.htm
Timestamp: 2018-01-20 01:28:02
Document Index: 728978584

Matched Legal Cases: ['art 10', 'art 5', 'art 10', 'art 5', 'art 9', 'art 9', 'art 9', 'art 9', 'art 9', 'art 10', 'art 11', 'art 9', 'art.\n253', 'art.\n257', 'art.\n258', 'art 3', 'art.\n259', 'art 5', 'art.\n95', 'art 7', 'art.\n263', 'art.\n265', 'art 8', 'art.\n266', 'art 9', 'art 10', 'art 12', 'art.\n268', 'art 2', 'art 2', 'art 2', 'art 3', 'art 9', 'art 9', 'art 2', 'art 10', 'art 5', 'art 11']

(a)	in subsection (1) in paragraph (a) (i) of the definitions of "exceptional resolution", "special resolution" and "special separate resolution" by striking out ", or any greater period that may be required by the memorandum or articles,", and
(b)	in subsection (3) (b) by striking out "first".
18 Sections 58 (2) and 80 (2) (d) are amended by striking out "memorandum or" wherever it appears.
19 Section 59 (4) is amended by striking out "share in that class" and substituting "share of that class".
20 Section 60 (4) is amended by striking out "share in that series" and substituting "share of that series".
21 Section 63 (2) is repealed and the following substituted:
22 Section 70 (1) is amended by striking out "a company may pay a dividend," and substituting "a company may declare a dividend, and may pay that dividend,".
23 Section 73 is amended by adding ", or, in the case of an amalgamation, of the amalgamating corporation," after "that was the capital of the company".
24 Section 77 is amended by striking out "and" at the end of paragraph (a), by adding ", and" at the end of paragraph (b) and by adding the following paragraph:
25 Section 111 is amended by adding the following subsection:
26 Section 113 is amended by striking out "A share in a company" and substituting "A share of a company".
27 Section 117 is amended by striking out "a share in the company," and substituting "a share of the company,".
28 Section 121 (2) (b) is amended by striking out "or" at the end of subparagraph (i), by renumbering subparagraph (ii) as subparagraph (iv) and by adding the following subparagraphs:
(iii) in the case of an amalgamation under section 274, was, immediately before the recognition of the amalgamated company, a director of the amalgamating company the shares of which were not cancelled on the amalgamation, or .
29 Section 123 is amended
30 Section 129 (4) (a) (ii) is repealed and the following substituted:
(ii) the individual was never designated, elected or appointed to the office in relation to which the order is sought under this section or, if designated, elected or appointed, held office as a director for a period other than the period in relation to which the order is sought, or .
31 Section 132 (2) (b) is amended by striking out "consent resolution" and substituting "unanimous resolution".
32 Section 134 is amended
(a) may appoint as directors, to hold office until the vacancies are filled under the memorandum or articles, filled by the shareholders under section 131 (a) or filled in any manner contemplated by section 132, the number of individuals that, when added to the number of remaining directors, will constitute a quorum, and , and
33 Section 135 (1) (a) (i) is repealed and the following substituted:
(i) call a meeting of the shareholders, incorporators or subscribers, as the case may be, for the election or appointment of directors, and .
34 Section 138 (2) (d) is amended by striking out "secured".
35 Section 157 is amended
36 Section 166 (b) is repealed and the following substituted:
37 Section 167 is amended
38 Section 182 (4) is amended by striking out "annual general meeting, on the application of a company," and substituting "annual general meeting of a company, on the application of the company,".
39 Section 187 is amended in paragraphs (a) and (b) of the definition of "qualified shareholder" by striking out "the beneficial owner" and substituting "a registered owner or beneficial owner".
40	Section 188 is amended
(iii) unless the name of the registered owner has already been provided under subparagraph (i), providing the name of the registered owner of those shares. , and
41 Section 189 (5) (b) is amended by striking out "section 188 (1);" and substituting "section 188 (1) or exceeds the maximum length established by section 188 (3);".
42 Section 194 (3) is repealed and the following substituted:
43 Section 195 (8) (a) is repealed and the following substituted:
(a) the portions of any minutes of meetings of directors, or of any consent resolutions of directors, that contain disclosures under this section, and .
44 Section 227 (3) (l) is amended by striking out "interested person," and substituting "interested person".
45 Section 239 is amended
46 Section 240 (3) is amended by adding ", or voted in favour of," after "who has not consented to".
47	Section 242 is amended
48 Section 243 (2) is amended by striking out "A notice of the intention to proceed sent under subsection (1) of this section must" and substituting "A notice sent under subsection (1) (a) or (b) of this section must".
49 Section 245 (4) is repealed and the following substituted:
50 Section 256 (2) (c) is repealed and the following substituted:
51 Section 257 (3) is amended by adding ", or has been made by a court order," after "section 259 (4) (b)".
52 Section 259 (4) is amended by striking out "If the notice of articles reflects information contained in a provision of the articles, and that provision in the articles is to be altered, the company must" and substituting "If an alteration to the articles would, on becoming effective, render incorrect or incomplete any information in the notice of articles or alter special rights or restrictions attached to shares, the company must".
53 Sections 271 (3) (c) and 290 (1) (b) (ii) are amended by striking out "on the request," and substituting "on request,".
54 Section 275 is amended
(b) if any of the amalgamating corporations are foreign corporations, there must be provided to the registrar the records and information the registrar may require, including, without limitation, any proof required by the registrar regarding the standing of the foreign corporation in the foreign corporation's jurisdiction, and there must be filed with the registrar any records the registrar may require, including, without limitation, an authorization for the amalgamation from the foreign corporation's jurisdiction. ,
55 Section 278 is amended by adding the following subsection:
56 Section 285 is amended by adding "to which the amalgamated foreign corporation will be subject" after "foreign corporation's jurisdiction".
57 Sections 286 (3) and 311 (3) are amended by striking out "on the date on which" and substituting "when".
58 Section 291 (5) (a) is amended by striking out "provisions of the order made in respect of the arrangement take effect under sections 292 to 295, and" and substituting "provisions of the order take effect, and".
59 Sections 292 to 299 are repealed and the following substituted:
292	Subject to sections 293 and 294, if any of the provisions of an arrangement that is approved by a court order under section 291 will, on taking effect, alter information shown in the corporate register, the company must
293	(1)	This section applies if
294	(1)	This section applies if an arrangement is approved by a court order under section 291 and a provision of the arrangement will, on taking effect, alter the company's articles or otherwise affect the company so that information contained in its articles is incorrect or incomplete.
295	(1)	If a provision of an arrangement approved by a court order under section 291 will, on taking effect, result in an amalgamation under which a company and one or more corporations amalgamate and continue as one company, the court may, by order, provide for the incidental, consequential and supplemental matters necessary to ensure that the amalgamation is fully and effectively carried out and, without limiting this, may make orders respecting the articles, notice of articles, directors, registered office and records office applicable to the amalgamated company.
296	The provisions of this Act that set out the effect of an alteration to the notice of articles, an amalgamation, a liquidation or another occurrence of a particular type, including the provisions that impose obligations on the registrar in relation to occurrences of that type and the provisions respecting when the occurrence takes effect, apply to an occurrence of that type that is effected under an arrangement.
297	(1)	On and from the time at which a provision of an arrangement takes effect, the provision is binding on the company and on the persons with whom the arrangement was proposed.
298	(1)	A company may abandon an arrangement if
299	(1)	Subject to subsection (2), at any time after records referred to in section 292 are filed with the registrar, the company or any other person who appears to the registrar to be an appropriate person to do so may withdraw those records by filing with the registrar a notice of withdrawal in the form established by the registrar identifying those records.
60 Section 302 (1) (b) is repealed and the following substituted:
(b) the foreign corporation must provide to the registrar the records and information the registrar may require, including, without limitation, any proof required by the registrar regarding the standing of the foreign corporation in the foreign corporation's jurisdiction, and must file with the registrar any records the registrar may require, including, without limitation, an authorization for the continuation from the foreign corporation's jurisdiction, and .
61 Section 312 is amended by repealing paragraph (a) of the definition of "commencement of the liquidation" and substituting the following:
(a) for a voluntary liquidation commenced under Division 3, the date and time on which the special resolution referred to in section 319 (1) is passed or if the special resolution specifies a date, or a date and time, for the commencement of the liquidation that is later than the date and time on which the special resolution is passed, the specified date and time or, if no time is specified, the beginning of the specified date, or .
62 Section 321 (2) is amended by adding the following paragraph:
(a.1) set out the commencement of the liquidation, .
63 Section 324 (3) is amended by adding "either by liquidating and dissolving the company or" after "entitled to relief".
64 Section 330 is amended
(c.1) without limiting paragraph (c), if the records that the company is required to keep at its records office have been physically transferred to a new location, promptly after that change occurs, file with the registrar a notice of change of address, in the form established by the registrar, to transfer the location of the records office to that new location, and section 35 (3) applies, , and
(k) annually, within 2 months after each anniversary of the date of the recognition of the company, file with the registrar, instead of an annual report for the company under section 51, a liquidation report in the form established by the registrar containing information that is current to the most recent anniversary, .
65 Section 334 (1) (c) is amended by striking out "and" at the end of subparagraph (vii), by adding ", and" at the end of subparagraph (viii) and by adding the following subparagraph:
66 Section 349 (1) is amended by striking out "and includes," and substituting "and includes".
67 Section 351 (3) is repealed and the following substituted:
68 Section 355 is amended
69 Section 357 (1) (b) is amended by striking out "subsection (2) (b) of section 355" and substituting "section 355 (2) (b)".
70 Section 362 (2) is amended by striking out "section 363, unless the court orders otherwise in an entered order of which a copy has been filed with the registrar, the registrar, after the restoration application is filed with the registrar, must" and substituting "section 363 (2) and (3), unless the court orders otherwise in an entered order of which a copy has been filed with the registrar, the registrar, after a restoration application is filed with the registrar under subsection (1) (a) of this section, must".
71 Section 364 is amended
72 Section 367 (1) is amended
(a)	in paragraph (a) by striking out "and" at the end of subparagraph (ii),
73 Section 368 (3) is amended by striking out "other assets disposed of by the government" and substituting "other assets paid or provided by the minister".
74 Section 370 (1) (c) (ii) is amended by striking out "the shares of the company that had been issued by the company, or transferred, within 6 years before the dissolution, and if, despite the dissolution, shares had been issued or transferred after dissolution and before restoration, those shares, and, with respect to the shares referred to in this subparagraph," and substituting "if, despite the dissolution of the company, shares had been issued or transferred after dissolution and before restoration, those shares, and, with respect to those shares,".
75 Section 371 is amended
(d) there has been filed with the registrar all records necessary to ensure that the information in the corporate register respecting the directors of the company is, immediately before the post-restoration transition application is submitted to the registrar for filing, correct. , and
(i.2) sets out the mailing address and delivery address of the office that was, immediately before the time of the filing, the records office of the company, .
76 Section 372 is amended
77 Section 373 (2) is amended by striking out "under section 370 (1) (a) and the alteration to the articles under section 370 (1) (b)" and substituting "in accordance with section 370 (1) (a), an alteration to the articles in accordance with section 370 (1) (b) and a change to the articles in accordance with section 372 (4)".
78 Section 375 (6) is amended by striking out "Sections 384 and 385" and substituting "Sections 27 (1), 384 and 385".
79 Section 376 is amended by adding the following subsection:
80 Section 378 (1) is amended by striking out "under this Part".
81 Section 382 is amended by adding the following subsection:
82 Section 395 (5) is amended by striking out "on the date that" and substituting "when".
83 Section 405 is repealed.
84 Section 408 is amended by adding the following subsections:
85 Section 409 is repealed and the following substituted:
86 Section 412 (3) (a) (ii) is amended by striking out "directly to the computer of the recipient," and substituting "to the recipient,".
87 Section 416 is amended by striking out "regulations" and substituting "registrar".
88 Section 417 (a) is amended by striking out "must sign, and furnish" and substituting "must furnish".
89 Section 436 (1) (c) is repealed and the following substituted:
90 Section 437 is amended
(d) there has been filed with the registrar all records necessary to ensure that the information in the corporate register respecting the directors of the company is, immediately before the transition application is submitted to the registrar for filing, correct. , and
(i) sets out the name and prescribed address of each individual who was, immediately before the time of the filing, a director of the company, .
91 Section 438 is amended
92 Section 439 (2) is amended by striking out "under section 436 (1) (a) and the alteration to the articles under section 436 (1) (b)" and substituting "in accordance with section 436 (1) (a), an alteration to the articles in accordance with section 436 (1) (b) and a change to the articles in accordance with section 438 (4)".
93 Section 443 (b) is amended by adding "or, if none, the address inside British Columbia," after "outside British Columbia".
94 The heading to the Schedule is amended by striking out "Company Act" and substituting "Business Corporations Act".
95 The Schedule is amended
96 Section 12 of the Agricultural Land Commission Act, S.B.C. 2002, c. 36, is amended
(a) in subsection (3) by striking out "the Company Act and the Company Clauses Act do" and substituting "the Business Corporations Act does", and
(b) in subsection (4) by striking out "the Company Act" and substituting "the Business Corporations Act".
97 Section 26 (2) (a) and (3) (b) of the Architects Act, R.S.B.C. 1996, c. 17, is amended by striking out "the corporation is incorporated under the Company Act, or is registered under Part 10 of that Act," in both places and substituting "the corporation is a company or an extraprovincial company, within the meaning of the Business Corporations Act,".
98 Section 3 (5) of the Assessment Authority Act, R.S.B.C. 1996, c. 21, is amended by striking out "Company Act" and substituting "Business Corporations Act".
99 Section 11 of the Association of Former M.L.A.s of British Columbia Act, S.B.C. 1998, c. 1, is amended
(a) in subsection (2) by striking out ", the Company Act and the Company Clauses Act" and substituting "and the Business Corporations Act", and
(b) in subsection (3) by striking out "the Company Act" and substituting "the Business Corporations Act".
100 Section 19 of the British Columbia Buildings Corporation Act, R.S.B.C. 1996, c. 33, is amended
(1) Despite section 4 (1) of the Business Corporations Act, sections 31, 52, 53, 56, 59 (3), 144 and 145 of that Act apply to the corporation. , and
101 Section 2 (6) of the British Columbia Enterprise Corporation Act, R.S.B.C. 1996, c. 35, is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
102 Section 4 is amended
(a) in subsections (1) and (2) by striking out "the Company Act" and substituting "the Business Corporations Act", and
(b)	in subsection (1) by adding ", notice of articles" after "memorandum" in both places.
103 Section 2 (2) of the British Columbia Transit Act, R.S.B.C. 1996, c. 38, is amended by striking out "The Company Act" and substituting "The Business Corporations Act".
104 Section 6 of the British Columbia Wine Act, R.S.B.C. 1996, c. 39, is amended by striking out "qualified to be the auditor of a reporting company under section 180 of the Company Act." and substituting "authorized to be the auditor of a company under section 205 of the Business Corporations Act."
105 Section 26 of the Build BC Act, R.S.B.C. 1996, c. 40, is amended
106 Section 2 of the Building Officials' Association Act, S.B.C. 1997, c. 16, is amended
(a) in subsection (3) by striking out "Section 3 of the Company Act" and substituting "Section 4 of the Business Corporations Act", and
107 Section 1 (1) of the Cemetery and Funeral Services Act, R.S.B.C. 1996, c. 45, is amended by repealing the definition of "company" and substituting the following:
"company" has the same meaning as in the Business Corporations Act; .
108 Section 12 (1) of the Chiropractors Act, R.S.B.C. 1996, c. 48, is amended by striking out "incorporated under the Company Act" and substituting "a company within the meaning of the Business Corporations Act".
109 Section 16 of the Columbia Basin Trust Act, R.S.B.C. 1996, c. 53, is amended in the definition of "senior officer" by striking out "Company Act;" and substituting "Business Corporations Act;".
110 Section 29 is amended
(a) in subsection (1) by striking out "Company Act" in both places and substituting "Business Corporations Act",
(b) in subsection (2) by striking out "Sections 32, 101 and 128 of the Company Act" and substituting "Sections 31 and 194 (1) and (2) and Division 5 of Part 5 of the Business Corporations Act", and
111 Section 31 (4) is amended in the definition of "subsidiary" by striking out "Company Act." and substituting "Business Corporations Act."
112 Section 6 (6) (b) of the Commercial Transport Act, R.S.B.C. 1996, c. 58, is repealed and the following substituted:
(b) an extraprovincial company within the meaning of the Business Corporations Act, or .
113 Section 13 (3) of the Community Care and Assisted Living Act, S.B.C. 2002, c. 75, is repealed and the following substituted:
114 Section 1 of the Community Financial Services Act, R.S.B.C. 1996, c. 61, is amended
"Company Act" means, except in subsection (2) of this section, the Company Act, R.S.B.C. 1996, c. 62, as that Act is applied under subsection (2) of this section; , and
(2) Despite the repeal of the Company Act, R.S.B.C. 1996, c. 62,
(b) the provisions of the Company Act, R.S.B.C. 1996, c. 62, continue to apply, as though that Act had not been repealed, to and in respect of the corporation in the manner and to the extent provided by this Act.
115 Section 33 is amended by striking out "Company Act and the Company Clauses Act" and substituting "Company Act and the Business Corporations Act".
116 Section 14 of the Community Services Interim Authorities Act. S.B.C. 2002, c. 58, is amended
(b) in subsection (2) by striking out "Company Act" and substituting "Business Corporations Act".
117 The Supplement to the Company Act, R.S.B.C. 1996, c. 62, is repealed.
118 The Company Clauses Act, R.S.B.C. 1996, c. 63, is repealed.
119 The Supplement to the Company Clauses Act, R.S.B.C. 1996, c. 63, is repealed.
120 Section 25 (b) (i) of the Constitution Act, R.S.B.C. 1996, c. 66, is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
121 Section 1 of the Cooperative Association Act, S.B.C. 1999, c. 28, is amended
"Company Act" means, except in subsection (5) of this section, the Company Act, R.S.B.C. 1996, c. 62, as that Act is applied under subsection (5) of this section; , and
(b)	the provisions of the Company Act, R.S.B.C. 1996, c. 62, continue to apply, as though that Act had not been repealed, to and in respect of every association in the manner and to the extent provided by this Act.
122 Section 7 is amended by adding the following subsection:
(3)	The Business Corporations Act does not apply to associations or extraprovincial associations.
123 Section 222 is repealed.
124 Section 18 (3) (b) of the Corporation Capital Tax Act, R.S.B.C. 1996, c. 73, is amended by striking out "an extraprovincial company as defined in the Company Act," and substituting "a foreign entity, as defined in the Business Corporations Act, that carries on business in British Columbia,".
125 Section 1 of the Credit Union Incorporation Act, R.S.B.C. 1996, c. 82, is amended
"Company Act" means, except in subsection (4) of this section, the Company Act, R.S.B.C. 1996, c. 62, as that Act is applied under subsection (4) of this section; , and
(4) Despite the repeal of the Company Act, R.S.B.C. 1996, c. 62,
(b) the provisions of the Company Act, R.S.B.C. 1996, c. 62, continue to apply, as though that Act had not been repealed, to and in respect of every credit union in the manner and to the extent provided by this Act.
126 Section 2 is amended by striking out "does not apply" and substituting "and the Business Corporations Act do not apply".
127 Section 5 (d) of the Crown Franchise Act, R.S.B.C. 1996, c. 88, is amended by striking out "dissolved and wound up" and substituting "liquidated, dissolved or otherwise wound up".
128 Section 179 (3) of the Election Act, R.S.B.C. 1996, c. 106, is amended by striking out "qualified to be the auditor of a reporting company under the Company Act." and substituting "authorized to be the auditor of a company under sections 205 and 206 of the Business Corporations Act."
129 Section 1 of the Emergency Communications Corporations Act, S.B.C. 1997, c. 47, is amended by repealing the definition of "emergency communications corporation" and substituting the following:
"emergency communications corporation" means a corporation that is
(a) a company within the meaning of the Business Corporations Act, and
(b) designated as an emergency communications corporation under section 2 of this Act; .
130 Section 5 is amended
(a) in subsection (2) by striking out "section 117 (1) of the Company Act," and substituting "section 136 (1) of the Business Corporations Act,",
(c) in subsection (4) by striking out "the Company Act" and substituting "the Business Corporations Act",
(d)	in subsection (5) by adding ", notice of articles" after "memorandum",
(e) in subsection (5) by striking out "the Company Act." and substituting "the Business Corporations Act.", and
(f) in subsection (6) by striking out "section 145 of the Company Act" and substituting "section 198 of the Business Corporations Act".
131 Section 13 is amended
(a) in subsection (1) by striking out "the Company Act," and substituting "the Business Corporations Act,", and
(b)	by repealing subsection (2) and substituting the following;
(2)	If there is a conflict between
(a)	this Act or a regulation or order under this Act, and
(b)	a provision of the memorandum, notice of articles or articles of an emergency communications corporation or a provision of a members' agreement for an emergency communications corporation,
the provision of the memorandum, notice of articles, articles or agreement is deemed to be amended to the extent necessary to comply with this Act or the regulation or order.
132 Section 1 (1) of the Employee Investment Act, R.S.B.C. 1996, c. 112, is amended
(a)	in paragraph (b) of the definition of "equity share" by striking out "dissolution or winding up," and substituting "its being liquidated, dissolved or otherwise wound up,", and
(b)	in the definition of "major shareholder" by striking out "dissolution or winding up;" and substituting "its being liquidated, dissolved or otherwise wound up;".
133 Section 3 (a) is amended by striking out "is registered to carry on business in British Columbia under the Company Act," and substituting "is an extraprovincial company within the meaning of the Business Corporations Act,".
134 Section 4 (1) (d) (iv) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
135 Section 9 is amended
(a) in paragraph (c) by striking out "section 16 (1) of the Company Act," and substituting "section 23 (1) of the Business Corporations Act,", and
(b)	in paragraph (f) by striking out "authorized capital" and substituting "authorized share structure".
136 Section 25 is amended by striking out "Despite the Company Act, an employee venture capital corporation, subject to its memorandum and articles," and substituting "An employee venture capital corporation, subject to its memorandum, notice of articles or articles,".
137 Section 26 (5) (b) is repealed and the following substituted:
(b) the amount by which capital in respect of those shares is reduced under section 74 of the Business Corporations Act.
138 Section 4 of the Escheat Act, R.S.B.C. 1996, c. 120, is amended
(a)	in subsection (4), by striking out "by order of the court, the order" and substituting ", the revival",
(b)	in subsection (4), by striking out "the terms of the order," and substituting "the terms of any court order,", and
(5)	If an application is made to the Supreme Court to revive a corporation after the expiry of the 2 year period referred to in subsection (4) or is made in respect of a corporation that has been revived after that period, the Supreme Court may, if notice of the application has been served on the government, order that land of the corporation that had escheated to the government under this section vest in the corporation.
139 Section 96 (1) of the Estate Administration Act, R.S.B.C. 1996, c. 122, is amended
"charter" has the same meaning as in section 1 (1) of the Business Corporations Act; , and
(b)	in paragraph (b) of the definition of "spousal home" by striking out "memorandum of association" and substituting "charter".
140 Section 14.1 (1) of the Family Maintenance Enforcement Act, R.S.B.C. 1996, c. 127, is amended by striking out "the Company Act" and substituting "the Business Corporations Act".
141 Section 14.2 (1) is amended in the definition of "corporation" by striking out "the Company Act" and substituting "the Business Corporations Act".
142 Section 5 (1) (c) of the Financial Disclosure Act, R.S.B.C. 1996, c. 139, is amended by striking out "section 1 (3) of the Company Act," and substituting "section 2 (2) of the Business Corporations Act,".
143 Section 1 of the Financial Institutions Act, R.S.B.C. 1996, c. 141, is amended
"Company Act", except in section 245 (1) (j) (ii) of this Act and subsection (4) of this section, means the Company Act, R.S.B.C. 1996, c. 62, as that Act is applied under subsection (4) of this section; , and
(a) a reference in this Act to the Company Act is, except in section 245 (1) (j) (ii) of this Act, deemed to be a reference to the Company Act, R.S.B.C. 1996, c. 62, and is, in section 245 (1) (j) (ii) of this Act, deemed to include a reference to the Company Act, R.S.B.C. 1996, c. 62, and
(b) the provisions of the Company Act, R.S.B.C. 1996, c. 62, continue to apply, as though that Act had not been repealed, to and in respect of the deposit insurance corporation, and to every financial institution or extraprovincial corporation, in the manner and to the extent provided by this Act.
144 Section 2 is amended by striking out "does not apply" and substituting "and the Business Corporations Act do not apply".
145 Section 6 is amended by renumbering the section as section 6 (1) and by adding the following subsections:
(2) Part 10 of the Company Act applies to and in respect of an extraprovincial society, as defined in section 1 of the Society Act, that under section 191 of this Act is deemed to have a business authorization.
(3)	Despite subsection (1) (h) and (i), if an extraprovincial corporation's charter is not in the English language, the registrar may waive any requirement in section 299 (2) or 338 (1) (c) of the Company Act that would otherwise apply to the extraprovincial company in respect of any record.
146 Section 245 (1) (j) (ii) is amended by adding "the Business Corporations Act," before "the Company Act,".
147 Section 273 is amended by adding the following subsection:
(3)	The Business Corporations Act does not apply to or in respect of the deposit insurance corporation.
148 Section 13 of the First Peoples' Heritage, Language and Culture Act, R.S.B.C. 1996, c. 147, is amended
149 Section 8 of the Forensic Psychiatry Act, R.S.B.C. 1996, c. 156, is amended by striking out "Company Act" in both places and substituting "Business Corporations Act".
150 Section 140 (1) (b) of the Forest Act, R.S.B.C. 1996, c. 157, is amended
(a)	by repealing subparagraph (i) (C) and substituting the following:
(C) if the corporation is an extraprovincial company within the meaning of the Business Corporations Act, the corporation's attorney, if any, within the meaning of that Act, ,
(b) in subparagraph (ii) by striking out "incorporated under the Company Act," and substituting "a company within the meaning of the Business Corporations Act or, if that office has been eliminated under section 40 of the Business Corporations Act, the address ordered by the court under section 40 (4) (b) of that Act,", and
(c)	by repealing subparagraph (iii) (A) and (B) and substituting the following:
(B) if the corporation is an extraprovincial company within the meaning of the Business Corporations Act, the corporation's attorney, if any, within the meaning of that Act, or .
151 Section 164 (2) (a) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
152 Section 110 (1) (b) of the Forest and Range Practices Act, S.B.C. 2002, c. 69, is amended
153 Section 164 (1) (b) of the Forest Practices Code of British Columbia Act, R.S.B.C. 1996, c. 159, is amended
(B) if the corporation is an extraprovincial company within the meaning of the Business Corporations Act, the corporation's attorney, if any, within the meaning of the Business Corporations Act, or .
154 Section 1 (2) of the Gaming Control Act, S.B.C. 2002, c. 14, is amended by striking out "Company Act." and substituting "Business Corporations Act."
155 Section 2 (4) is amended by striking out "Company Act" in both places and substituting "Business Corporations Act".
156 Section 59 is amended by striking out "unless it is incorporated or continued under the Company Act, the Society Act or another enactment or is an extraprovincial company as defined in the Company Act and is registered under that Act." and substituting "unless it is a company, or an extraprovincial company, within the meaning of the Business Corporations Act, or unless it is incorporated or continued under the Society Act or another enactment."
157 Section 83 (2) (d) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
158 Section 2 (2) of the Greater Vancouver Transportation Authority Act, S.B.C. 1998, c. 30, is amended by striking out "The Company Act" and substituting "The Business Corporations Act".
159 Section 9 (3) (g) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
160 Section 46 (2) (a) and (3) is amended by striking out "provision of the Company Act" and substituting "provision of the Business Corporations Act".
161 Section 46 (2) (a) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
162 Section 10 (4) of the Health Authorities Act, R.S.B.C. 1996, c. 180, is amended by striking out "qualified to be the auditor of a reporting company under the Company Act," and substituting "authorized to be the auditor of a company under sections 205 and 206 of the Business Corporations Act,".
163 Section 16 (4) (a) is amended by striking out "the Company Act," in both places and substituting "the Business Corporations Act,".
164 Section 19 is amended
165 Section 15 (4) of the Health Professions Act, R.S.B.C. 1996, c. 183, is amended by striking out "The Company Act" and substituting "The Business Corporations Act".
166 Section 43 (1) (a) is amended by striking out "incorporated under the Company Act" and substituting "a company within the meaning of the Business Corporations Act".
167 Section 44 (4) is amended by striking out "section 18 (6) of the Company Act." and substituting "section 29 (5) of the Business Corporations Act."
168 Section 3 (8) of the Homeowner Protection Act, S.B.C. 1998, c. 31, is amended by striking out "The Company Act" and substituting "The Business Corporations Act".
169 Section 52 (4) of the Hospital Act, R.S.B.C. 1996, c. 200, is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
170 Section 32 (7) (c) of the Hydro and Power Authority Act, R.S.B.C. 1996, c. 212, is repealed and the following substituted:
(c) Division 5 of Part 5 of the Business Corporations Act; .
171 Section 1 of the Hydro and Power Authority Privatization Act, R.S.B.C. 1996, c. 213, is amended by renumbering the section as section 1 (1) and by adding the following subsections:
(2) If a special company to which this Act applies is a company within the meaning of the Business Corporations Act, the following references in this Act, as those references apply to that company, include the following:
(a)	a reference to a subscriber or to a subscriber of the memorandum includes a reference to an incorporator;
(b)	a reference to a member includes a reference to a shareholder;
(c)	a reference to a register of members or a branch register of members includes a reference to a central securities register or a branch securities register respectively.
(3) For the purposes of subsection (2), "branch securities register", "central securities register", "incorporator" and "shareholder" have the same meanings as in the Business Corporations Act.
172 Section 3 (2) (a) is amended by striking out "incorporated under the Company Act," and substituting "within the meaning of the Business Corporations Act,".
173 Section 18 is amended
(a) in subsection (1) (a) and (b) by striking out "the Company Act," and substituting "the Business Corporations Act,", and
(b)	in subsection (2) by striking out "The subscribers of the memorandum of a company incorporated under subsection (1) (a) are deemed to be holders of the subscriber shares," and substituting "The incorporators of a company incorporated under subsection (1) (a) are deemed to be holders of their shares".
174 Section 19 (3) (d) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
175 Section 23 is amended, in the definition of "charter" by striking out "memorandum and articles" and substituting "articles and memorandum or notice of articles".
176 Section 24 (1) (b) (i), (c) (i) and (d) (i) and (2) is amended by striking out "the Company Act" and substituting "the Business Corporations Act".
177 Section 24 (1) (d) (i) is amended by striking out "section 252 (1)" and substituting "Division 5 of Part 9".
178 Section 25 (2) is amended by striking out "a natural person under the Company Act" and substituting "an individual of full capacity under the Business Corporations Act".
179 Section 27 (1) is amended
(a) by striking out "Despite the Company Act" and substituting "Despite the Business Corporations Act",
(e) enter into an arrangement under Division 5 of Part 9 of the Business Corporations Act; , and
(c) in paragraph (f) by striking out "dissolved or wound up" and substituting "liquidated, dissolved or otherwise wound up".
180 Sections 28 (3) (b) and 29 (3) (b) are amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
181 Sections 28 (3) (c) and 29 (3) (c) are amended by striking out "section 252 (1) of the Company Act," and substituting "Division 5 of Part 9 of the Business Corporations Act,".
182 Section 34 (1) is amended by striking out "the Company Act." and substituting "the Business Corporations Act."
183 Section 37 (5) is amended by striking out "section 236 (1) of the Company Act," and substituting "section 79 (1) of the Business Corporations Act,".
184 Section 39 (3) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
185 Section 40 is amended
(a) in paragraph (a) by striking out "the Company Act" and substituting "the Business Corporations Act", and
(b)	in paragraph (c) by adding "or notice of articles" after "memorandum".
186 Section 1 (1) of the Independent School Act, R.S.B.C. 1996, c. 216, is amended in the definition of "authority" by repealing paragraph (b) and substituting the following:
(b) a company within the meaning of the Business Corporations Act or a corporation incorporated under a private Act, or .
187 Section 16 (4) of the Innovation and Science Council Act, R.S.B.C. 1996, c. 415, is amended by striking out "an auditor described by section 180 of the Company Act." and substituting "a person authorized to be an auditor of a company under section 205 of the Business Corporations Act."
188 Section 2 (2) of the Institute of Technology Act, R.S.B.C. 1996, c. 225, is amended by striking out "The Company Act" and substituting "The Business Corporations Act".
189 Section 1 of the Insurance (Captive Company) Act, R.S.B.C. 1996, c. 227, is amended
(a)	by repealing the definition of "affiliated corporation" and substituting the following:
"affiliated corporation" has the same meaning as "affiliate" in section 1 (1) of the Business Corporations Act; , and
(b) in the definitions of "association captive insurance company", "pure captive insurance company" and "sophisticated insured captive insurance company" by striking out "incorporated under the Company Act" and substituting ", within the meaning of the Business Corporations Act, that was incorporated".
190 Section 3 (5) is amended by striking out "Sections 36 to 38 of the Company Act" and substituting "Divisions 4 and 8 of Part 9 of the Business Corporations Act".
191 Section 7 (c) is amended by adding ", notice of articles" after "memorandum".
192 Section 12 (1) (a) is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
193 Section 13 (2) (k) is amended by adding the following subparagraph:
(iii.1) the Business Corporations Act, .
194 Section 40 of the Insurance Corporation Act, R.S.B.C. 1996, c. 228, is amended
(a) in subsection (1) by striking out "the Company Act" and substituting "the Business Corporations Act", and
(b) in subsection (2) by striking out "the Company Act," and substituting "the Business Corporations Act,".
195 Section 7 (2) (b) of the Insurance (Motor Vehicle) Act, R.S.B.C. 1996, c. 231, is repealed and the following substituted:
(b) if a corporation, is a company or an extraprovincial company as those terms are defined in the Business Corporations Act, and .
196 Section 1 (1) of the International Financial Business Act, R.S.B.C. 1996, c. 234, is amended
(a)	by repealing the definition of "associate" and substituting the following:
(a)	a corporation of which that person beneficially owns, directly or indirectly, shares carrying more than 10% of the voting rights attached to all shares of the corporation for the time being outstanding carrying voting rights that are at that time capable of being exercised,
(b)	a partner of that person,
(c)	a trust or estate in which that person has a substantial beneficial interest or for which that person serves as trustee or in a similar capacity,
(d)	a spouse, son or daughter of that person, or
(e) a relative of that person or of that person's spouse, other than a relative referred to in paragraph (d), who has the same home as that person; , and
(b) in paragraph (b) of the definition of "auditor" by striking out "established under section 181 of the Company Act;" and substituting "continued under section 221 of the Business Corporations Act;".
197 Section 2 is amended
(b) in subsection (1) by striking out "Sections 37, 109 (1) and 179 of the Company Act" and substituting "Divisions 4 and 8 of Part 9 and section 203 (2) and (3) of the Business Corporations Act", and
(2)	One director of every licensed corporation must be ordinarily resident in British Columbia.
198 Section 3 (1) (a) is repealed and the following substituted:
(a) it is a company within the meaning of the Business Corporations Act, .
199 Section 10 (1) (c) is amended by adding "the Business Corporations Act," after "the Company Act,".
200 Section 11 (5) is amended by striking out "Sections 98 and 99 of the Company Act" and substituting "Sections 105 and 106 of the Business Corporations Act".
201 Section 18 is amended by striking out "section 204 (1) of the Company Act." and substituting "section 9 (1) of the Business Corporations Act."
202 Section 20 (2) (h) (iii) is repealed and the following substituted:
(iii) altering its articles, .
203 Section 29 of the Interpretation Act, R.S.B.C. 1996, c. 238, is amended in the definition of "Registrar of Companies" by striking out "the Company Act;" and substituting "the Business Corporations Act;".
204 Sections 12 (2) and (3), 25 (2) and (3) and 42 (2) and (3) of the Islands Trust Act, R.S.B.C. 1996, c. 239, are amended by striking out "the Company Act" and substituting "the Business Corporations Act".
205 Section 51 (1) of the Land Surveyors Act, R.S.B.C. 1996, c. 248, is amended by striking out "that is incorporated under the Company Act and" and substituting "within the meaning of the Business Corporations Act that".
206 Section 5 (3) (f) of the Land Tax Deferment Act, R.S.B.C. 1996, c. 249, is amended by striking out "the Company Act" and substituting "the Business Corporations Act".
207 Section 165 (4) (b) of the Land Title Act, R.S.B.C. 1996, c. 250, is amended by adding ", notice of articles" after "memorandum,".
208 Section 202 is repealed.
209 Section 1 (1) of the Legal Profession Act, S.B.C. 1998, c. 9, is amended in paragraph (b) (i) of the definition of "practice of law" by striking out "or articles under the Company Act," and substituting ", notice of articles or articles under the Business Corporations Act,".
210 Section 82 (1) is amended by striking out "Company Act, and that is in good standing under that Act or that is registered under Part 10 of the Company Act," and substituting "Business Corporations Act, and that is in good standing under that Act or that is an extraprovincial company as defined in that Act,".
211 Section 3 (1) and (2) of the Legal Services Society Act, R.S.B.C. 2002, c. 30, is amended by striking out "Company Act" and substituting "Business Corporations Act".
212 Section 76 (1) of the Liquor Control and Licensing Act, R.S.B.C. 1996, c. 267, is amended by striking out "Company Act." and substituting "Business Corporations Act."
213 Section 4 (4) of the Livestock Act, R.S.B.C. 1996, c. 270, is amended by striking out "Company Act" in both places and substituting "Business Corporations Act".
214 Section 331 (2) (b) of the Local Government Act, R.S.B.C. 1996, c. 323, is amended by striking out "established under section 181 of the Company Act." and substituting "continued under section 221 of the Business Corporations Act."
215 Section 16 (4) of the Members' Conflict of Interest Act, R.S.B.C. 1996, c. 287, is amended by striking out "section 1 (2) to (6) of the Company Act." and substituting "section 2 (1) to (4) of the Business Corporations Act."
216 Section 8 (1) (a) of the Mineral Tenure Act, R.S.B.C. 1996, c. 292, is repealed and the following substituted:
(a) a company or an extraprovincial company as those terms are defined in the Business Corporations Act, .
217 Section 6 (e) (i) of the Ministry of Transportation and Highways Act, R.S.B.C. 1996, c. 311, is amended by striking out "Company Act," and substituting "Business Corporations Act,".
218 Section 37 is amended
(a) in subsection (1) by striking out "Company Act" and substituting "Business Corporations Act", and
(b) in subsection (2) by striking out "Company Act," and substituting "Business Corporations Act,".
219 Section 39 (1) is amended
(a) by striking out "the Company Act," and substituting "the Business Corporations Act,",
(a) the minister must determine the corporation's authorized share structure, as that term is defined in the Business Corporations Act, and the par value of its shares, if any; , and
(c) in paragraph (c) by striking out "the Company Act" and substituting "the Business Corporations Act".
220 Section 41 (4) is amended by striking out "Company Act" and substituting "Business Corporations Act".
221 Section 4 (2) (b) of the Motor Vehicle Act, R.S.B.C. 1996, c. 318, is repealed and the following substituted:
222 Section 19 is amended by striking out "company that is a registered owner has been dissolved, struck off the register or ceased to be registered under the Company Act," and substituting "company, within the meaning of the Business Corporations Act, that is a registered owner has been dissolved or has otherwise ceased to be a company, or that an extraprovincial company, within the meaning of the Business Corporations Act, that is a registered owner has had its registration cancelled under Part 11 or 12 of that Act,".
223 Section 6 of the Mountain Resort Associations Act, R.S.B.C. 1996, c. 320, is amended
(a) in subsections (1) and (3) by striking out "Company Act" and substituting "Business Corporations Act", and
(b) in subsection (4) by striking out "or a reporting company under the Company Act in respect of those provisions" and substituting "in respect of those provisions of that Act".
224 Section 28 (2) of the Municipal Finance Authority Act, R.S.B.C. 1996, c. 325, is amended by striking out "Company Act" and substituting "Business Corporations Act".
225 Section 58 (1) of the Notaries Act, R.S.B.C. 1996, c. 334, is amended by striking out "a corporation that is incorporated under the Company Act and" and substituting "a company within the meaning of the Business Corporations Act that".
226 Sections 2 (3) and 18 (2) (e) of the Open Learning Agency Act, R.S.B.C. 1996, c. 341, are amended by striking out "Company Act" and substituting "Business Corporations Act".
227 Section 15 (b) is repealed and the following substituted:
(b) authorized to be the auditor of a company under sections 205 and 206 of the Business Corporations Act.
228 Section 13 (1) of the Optometrists Act, R.S.B.C. 1996, c. 342, is amended by striking out "a corporation that is incorporated under the Company Act and" and substituting "a company within the meaning of the Business Corporations Act that".
229 Section 1 of the Partnership Act, R.S.B.C. 1996, c. 348, is amended in the definition of "registrar" by striking out "the Company Act;" and substituting "the Business Corporations Act;".
230 Section 1 (1) of the Pension Benefits Standards Act, R.S.B.C. 1996, c. 352, is amended in the definition of "multi-employer plan" by striking out "the Company Act;" and substituting "the Business Corporations Act;".
231 Section 1 of the Pension Fund Societies Act, R.S.B.C. 1996, c. 354, is amended in the definition of "subsidiary company" by striking out "a corporation created in British Columbia by or under an Act, and includes an extraprovincial company, as defined in the Company Act," and substituting "a company within the meaning of the Business Corporations Act and any other corporation created in British Columbia by or under an Act, and includes a foreign entity, as defined in the Business Corporations Act,".
232 Section 64 (2) (e) of the Personal Property Security Act, R.S.B.C. 1996, c. 359, is repealed and the following substituted:
(e)	a person who is or who, within the preceding 2 years, was,
(i) if the debtor is a corporation, an insider, within the meaning of the Securities Act or section 192 of the Business Corporations Act, of the corporation,
(ii) if the debtor is a corporation that has an affiliate, within the meaning of the Business Corporations Act, that is a corporation,
(A) an insider, within the meaning of the Securities Act or section 192 of the Business Corporations Act, of that affiliate, or
(B)	an auditor of that affiliate, or
(iii) an auditor of the debtor, .
233 Section 25 (2) of the Pharmacists, Pharmacy Operations and Drug Scheduling Act, R.S.B.C. 1996, c. 363, is amended
(a) in paragraph (b) by striking out "incorporated under the Company Act" and substituting "that is a company within the meaning of the Business Corporations Act and", and
(b) in paragraph (c) by striking out "incorporated under the Company Act" and substituting "a company within the meaning of the Business Corporations Act".
234 Section 13 (1) of the Podiatrists Act, R.S.B.C. 1996, c. 366, is amended by striking out "a corporation that is incorporated under the Company Act and" and substituting "a company within the meaning of the Business Corporations Act that".
235 Section 6 (a) of the Private Investigators and Security Agencies Act, R.S.B.C. 1996, c. 374, is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
236 Section 24 (b) of the Private Post-Secondary Education Act, R.S.B.C. 1996, c. 375, is amended by striking out "qualified under section 180 of the Company Act," and substituting "authorized to be an auditor of a company under section 205 of the Business Corporations Act,".
237 Section 14 (4) (u) (i) of the Property Transfer Tax Act, R.S.B.C. 1996, c. 378, is amended by striking out "sections 247 to 251 of the Company Act," and substituting "Division 3 of Part 9 of the Business Corporations Act,".
238 Section 5 (7) of the Public Sector Pension Plans Act, S.B.C. 1999, c. 44, is amended
(a) by striking out "Company Act and the Company Clauses Act do" and substituting "Business Corporations Act does", and
(b) by striking out "the Company Act apply" and substituting "the Business Corporations Act apply".
239 Section 9 (1) (c) is amended by striking out "qualified to be an auditor of a reporting company under the Company Act;" and substituting "authorized to be an auditor of a company under sections 205 and 206 of the Business Corporations Act;".
240 Section 16 (7) is amended
(a) by striking out "The Company Act, the Company Clauses Act" and substituting "The Business Corporations Act", and
(b) by striking out "the Company Act and" and substituting "the Business Corporations Act and".
241 Section 20 (1) (c) is amended by striking out "qualified to be an auditor of a reporting company under the Company Act;" and substituting "authorized to be an auditor of a company under sections 205 and 206 of the Business Corporations Act;".
242 Section 20 (1) of the Range Act, R.S.B.C. 1996, c. 396, is amended in the definition of "affiliate" by striking out "the Company Act;" and substituting "the Business Corporations Act;".
243 Section 46 (1) (b) is amended
244 Section 1 of the Real Estate Act, R.S.B.C. 1996, c. 397, is amended in the definition of "cooperative corporation" by striking out "the Company Act" and substituting "the Business Corporations Act".
245 Section 16 of the Resort Municipality of Whistler Act, R.S.B.C. 1996, c. 407, is amended
(a) in subsections (1) and (2) by striking out "Company Act" and substituting "Business Corporations Act", and
(b) in subsection (3) by adding "of the Society Act" after "provisions".
246 Section 55 of the School Act, R.S.B.C. 1996, c. 412, is amended in the definition of "senior officer" by striking out "the Company Act;" and substituting "the Business Corporations Act;".
247 Section 95.1 (1) is amended
(a) in the definition of "director" by striking out "the Company Act;" and substituting "the Business Corporations Act;",
"registrar" has the same meaning as in the Business Corporations Act. , and
(c)	by repealing the definition of "memorandum" and substituting the following:
"memorandum" means, for a company that was incorporated before the date of the coming into force of section 260 of the Business Corporations Amendment Act, 2003 and that has not complied with section 436 (1) (a) and (b) of the Business Corporations Act, the record that constituted the company's memorandum under the Company Act, R.S.B.C. 1996, c. 62, immediately before that date; .
248 Section 95.11 is amended
(a) in subsection (1) by striking out 'the Company Act, except the definitions of "company", "member" and "memorandum"' and substituting 'the Business Corporations Act, except the definitions of "company", "incorporation agreement", "memorandum", "shareholder" and "special Act corporation"',
(b) in subsection (2) by striking out "the Company Act" wherever it appears and substituting "the Business Corporations Act", and
(c)	by repealing subsection (2) (d), (e) and (f) and substituting the following:
(d)	to "incorporation agreement" must be read as a reference to "incorporation bylaw", as defined in section 95.1 (1),
(e)	to "memorandum" must be read as a reference to "memorandum", as defined in section 95.1 (1),
(f)	to "minister" must be read as a reference to the minister who is responsible for the administration of this Act,
(g)	to "notice of articles" must be read as a reference to "notice of articles", as defined in section 95.1 (1),
(h)	to "shareholder" must be read as a reference to "member", as defined in section 95.1 (1), and
(i)	to "special Act corporation" must be read as a reference to "company", as defined in section 95.1 (1).
249 Section 95.12 is amended by striking out "the Company Act" and substituting "the Business Corporations Act".
250 Sections 95.2 and 95.21 are repealed and the following substituted:
(a)	adopting, by bylaw,
(i)	a notice of articles that complies with subsection (3), and
(ii)	articles that comply with subsection (4),
(b)	filing with the registrar an incorporation application that complies with subsection (2), and
(c)	complying with this Division.
(2)	The incorporation application filed under subsection (1) (b) must
(b)	set out, as the incorporator, the board incorporating the company.
(3)	The notice of articles contained in the incorporation application must
(a)	set out the name of the company in accordance with section 95.24 of this Act,
(b)	set out the authorized share structure of the company in accordance with section 95.25,
(c)	set out the following for each of the individuals who are to be the first directors:
(ii)	the residential address of the individual, and
(4)	The articles must
(a)	set out every restriction, if any,
Formation of companies -- signature on articles
(a)	have a signature line with the full name of the board proposing to form the company set out legibly under the signature line, and
(b)	be signed on the applicable signature line by the secretary treasurer of that board.
251 Section 95.22 is amended by striking out "a company with the name contained in the memorandum," and substituting "a company incorporated under this Act with the name contained in the notice of articles,".
252 Section 95.23 is repealed and the following substituted:
Formation of companies -- application of the Business Corporations Act
95.23	Sections 12 (4) and (5), 13, 14, 15, 18, 19 and 420 of the Business Corporations Act apply for the purposes of this Part.
253 Section 95.24 is amended by adding the following subsection:
(3) Subject to section 95.81, a person must not use in British Columbia any name of which "School District" or "Francophone Education Authority"or any abbreviation of them, is part unless the name is in the form required by this section 95.24 and is used by a company the share of which is owned by the board or Francophone Education Authority indicated by the name.
254 Section 95.25 is amended by striking out "authorized capital" and substituting "authorized share structure".
255 Section 95.27 is repealed and the following substituted:
Capacity and powers -- application of the Business Corporations Act
95.27	(1)	Sections 30 to 33, 228 (2) and (3) and 421 of the Business Corporations Act apply for the purposes of this Part.
(2)	For the purposes of subsection (1) of this section, a reference in section 228 (2) or (3) of the Business Corporations Act as it applies for the purposes of this Part to a complainant in relation to a company is deemed to mean a director, an officer, a shareholder, an employee, an agent, an auditor, a trustee, a receiver, a receiver manager or a liquidator of the company.
256 Section 95.29 is repealed and the following substituted:
Company offices -- application of the Business Corporations Act
95.29	Sections 34 to 38 of the Business Corporations Act apply for the purposes of this Part.
257 Section 95.32 is repealed and the following substituted:
Shares and liabilities of members -- application of the Business Corporations Act
95.32	Sections 57, 87 (1), 107, 109 and 110 of the Business Corporations Act apply for the purposes of this Part.
258 Section 95.34 is repealed and the following substituted:
Borrowings -- application of the Business Corporations Act
95.34	Divisions 8 to 10 of Part 3 of the Business Corporations Act apply for the purposes of this Part.
259 Section 95.41 is repealed and the following substituted:
Management -- application of the Business Corporations Act
95.41 Sections 24 and 27 and Part 5, other than sections 120, 147 (4), 149 (3) and 195 (2) and (4), of the Business Corporations Act, apply for the purposes of this Part.
95.411	(1)	The majority of the directors of every company must be persons ordinarily resident in Canada.
(2)	One director of every company must be ordinarily resident in British Columbia.
95.412	A company must not give financial assistance to a person, directly or indirectly, by way of loan, guarantee, the provision of security, or otherwise, unless there are reasonable grounds for believing that, or the directors are of the opinion that, the giving of the financial assistance is in the best interests of the company.
95.413	(1)	Without limiting section 95.412, a company must not give financial assistance to a person, directly or indirectly, by way of loan, guarantee, the provision of security, or otherwise, if
(a)	at the time of the giving of financial assistance the company is insolvent, or
(b)	in the case of a loan, the giving of the loan would render the company insolvent.
(2)	The court, on the application of a director of a company, may declare that, in view of all the circumstances, the company is insolvent, or that the proposed giving of financial assistance would render the company insolvent.
95.414	Despite a contract to which a company is a party being made in contravention of section 95.412 or 95.413, a good faith lender for value without notice, or the company, may enforce the contract.
260 Section 95.5 is amended
(a) in subsections (1) and (2) by striking out "section 163 (1) of the Company Act," and substituting "section 42 of the Business Corporations Act,", and
(b) in subsection (2) by striking out "section 163 (1) (l), (q) and (r) of the Company Act." and substituting "section 42 (1) (l) and (m) of the Business Corporations Act."
261 Section 95.52 is repealed and the following substituted:
Records -- application of the Business Corporations Act
95.52	(1)	Sections 42, other than sections 42 (1) (d) and (r) and (2) (e) (ii), 43 to 46, other than section 46 (3) and (8), 48, 49, 50, 196, other than section 196 (4), 199, 201 and 426 (1) (a), (c) and (d) and (3) to (7) and 432 (7) (a) and (c) of the Business Corporations Act apply for the purposes of this Part.
(2)	A company may, by an ordinary resolution, impose restrictions on the times during which a person, other than a current director or shareholder, may inspect the company's records under this section, but those restrictions must permit inspection of those records during the times set out in the regulations.
262 Section 95.61 is repealed and the following substituted:
Audits -- application of the Business Corporations Act
95.61	Part 7, other than sections 203 (2) and (3), 223 and 224 (1) to (4), of the Business Corporations Act applies for the purposes of this Part.
263 Section 95.7 is amended
(a) in subsection (1) by striking out "under the Company Act" and substituting "under the Business Corporations Act",
(b) in subsection (1) (b) by striking out "the Company Act," and substituting "the Business Corporations Act,",
(c)	authorizes 2 or more directors to sign the articles on behalf of the company and to submit to the registrar for filing
(ii) any other records the registrar may require. , and
(2)	Sections 266 and 267 of the Business Corporations Act apply to a company converted under this section.
264 Section 95.72 is repealed and the following substituted:
Company alterations -- application of the Business Corporations Act
95.72	Sections 257 to 259 and 262 of the Business Corporations Act apply for the purposes of this Part.
265 Section 95.8 is repealed and the following substituted:
Proceedings -- application of the Business Corporations Act
95.8 Sections 9, 227, other than section 227 (1), 229, 232, other than the definition of "shareholder"in section 232 (1), 233, 234, 235, 236, 274 to 282 and Division 3 of Part 8 of the Business Corporations Act apply for the purposes of this Part.
266 Section 95.81 is repealed and the following substituted:
95.81	(1)	In this section, "additional company" means, in relation to a board, each company of which the board becomes the member as a result of a disposal of assets referred to in subsection (2).
(2)	Despite section 95.26, a board that is the member of a company may be the member of one or more other companies if the board becomes the member of those other companies as a result of a disposal of the assets of one or more boards under section 176 (2).
(3)	Each company of which the board is the member must amalgamate with each of the other companies of which the board is the member in accordance with subsections (4) to (7) of this section unless, within 30 days after the date on which the board becomes the member of an additional company,
(a)	that additional company amalgamates under Division 3 of Part 9 of the Business Corporations Act with all other companies of which the board is the member,
(4)	If, despite subsection (3), the companies of which a board is the member do not amalgamate as required under that subsection, each of those companies is deemed, on the 31st day after the date on which the board becomes the member of an additional company, to have passed special resolutions approving their amalgamation and requiring that
(a)	the shares of all the companies other than the first company of which the board was the member be cancelled without any repayment of capital in respect of those shares, and
(b)	the amalgamated company has, as its notice of articles and articles, the notice of articles and articles of the amalgamating company the shares of which are not cancelled.
(6)	Within 30 days after the date of the deemed passing of the special resolutions referred to in subsection (4), the board must file, on behalf of the amalgamating companies, an amalgamation application with the registrar of companies.
(7)	Sections 275 (2) (d), 279 (a), 281 and 282 of the Business Corporations Act apply for the purposes of an amalgamation under subsection (4) of this section.
(8)	Despite section 95.82 (1) of this Act, section 323 of the Business Corporations Act does not apply in respect of any liquidation commenced under subsection (3) (c).
267 Sections 95.82 and 95.83 are repealed and the following substituted:
Dissolution and restoration -- application of the Business Corporations Act
95.82 (1) Subject to subsection (2) of this section, Part 10 of the Business Corporations Act, other than section 366, applies for the purposes of this Part.
Administration -- application of the Business Corporations Act
95.83	(1)	Sections 51 and 231 and Part 12, other than section 432, of the Business Corporations Act apply for the purposes of this Part.
268 Section 95.9 is amended
(1) Without limiting section 175 (1), the Lieutenant Governor in Council may make regulations prescribing, for the purposes of this Part, forms that correspond with forms approved by the registrar under the Business Corporations Act. , and
(b) in subsection (2) (a) and (b) by striking out "the Company Act" and substituting "the Business Corporations Act".
269 The following section is added:
270 Section 5 (3) of the Securities Act, R.S.B.C. 1996, c. 418, is amended by striking out "Company Act" and substituting "Business Corporations Act".
271 Section 45 is amended
(a) in subsection (2) (1) (iv) by adding "the Business Corporations Act," before "the Company Act,", and
(b)	in subsection (2) (12) (ii) by striking out "dissolution or" and substituting "liquidation, dissolution or other".
272 Section 74 (2) (11) (ii) is amended by striking out "dissolution or" and substituting "liquidation, dissolution or other".
273 Section 151 (2) (b) (ii) is amended by adding "the Business Corporations Act," after "the Company Act,".
274 Section 5 (2) of the Skagit Environmental Enhancement Act, R.S.B.C. 1996, c. 426, is amended by striking out "Company Act" and substituting "Business Corporations Act".
275 Section 1 (1) of the Small Business Venture Capital Act, R.S.B.C. 1996, c. 429, is amended by adding the following definition:
"authorized share structure" has the same meaning as in the Business Corporations Act; .
276 Section 2 (2) is amended by striking out "memorandum and its articles." and substituting "articles and memorandum or notice of articles."
277 Section 3 (1) is amended
(a) is a company incorporated under the Company Act or the Business Corporations Act; ,
(b) in paragraph (b) by striking out "section 16 (1) of the Company Act;" and substituting "section 23 (1) of the Business Corporations Act;",
(c)	in paragraph (e) by striking out "authorized capital" and substituting "an authorized share structure", and
(d) in paragraph (f) by striking out "under section 5 of the Company Act" and substituting "or articles".
278 Section 7 (3) is amended
(a)	in paragraph (a) by adding "or notice of articles" after "memorandum", and
(b)	in paragraph (b) by striking out "authorized capital" and substituting "authorized share structure".
279 Section 23 is amended by repealing paragraphs (a) to (c) and substituting the following:
(b)	passes a special resolution reducing its capital under section 74 (1) (b) of the Business Corporations Act or reduces its capital in accordance with the authorization provided by a court order referred to in section 74 (1) (a) or (b) of that Act;
280 Section 24 (1) (b) is repealed and the following substituted:
(b) passes a resolution under section 257 (2) (b) of the Business Corporations Act to change its name to delete "(VCC)" from it; .
281 Section 25 (b) to (g) is repealed and the following substituted:
(d)	passes a resolution under section 314 (1) (a) or (2) of the Business Corporations Act to be dissolved,
(f)	has been ordered under section 227 (3) (o) or 324 (1) or (3) (a) of the Business Corporations Act to liquidate and dissolve,
(g)	without first obtaining approval of the amalgamation from the administrator, with or without conditions, under section 7 of this Act,
(ii)	passes a resolution under section 273 (b) or 274 (a) of that Act to approve an amalgamation, or
(iii) authorizes an amalgamation under section 284 (2) of that Act, or .
282 Section 46 (2) (e) of the Social Service Tax Act, R.S.B.C. 1996, c. 431, is amended by striking out "the Company Act" in both places and substituting "the Business Corporations Act".
283 Section 1 of the Society Act, R.S.B.C. 1996, c. 433, is amended
(a)	by repealing the definition of "auditor" and substituting the following
"auditor" has the same meaning as in section 1 (1) of the Business Corporations Act; ,
(b) in the definition of "debenture" by striking out "the Company Act;" and substituting "the Business Corporations Act;",
(c) in paragraph (e) of the definition of "reporting society" by striking out "the Company Act," and substituting "the Business Corporations Act,", and
(d) in the definition of "subsidiary" by striking out "the Company Act." and substituting "the Business Corporations Act."
284 Section 3 is amended
(c) the name of the proposed society is reserved under Division 2 of Part 2 of the Business Corporations Act as it applies for the purposes of this Act, and , and
(6)	Division 2 of Part 2 of the Business Corporations Act applies in respect of the name of
(a)	a society that is or may be incorporated under this Act, or
(b)	an extraprovincial society that is or may be registered under this Act.
285 Section 20 (2) (a) is repealed and the following substituted:
(a)	unless the registrar approves,
(a.1) in the case of a change of name, unless the new name is reserved under Division 2 of Part 2 of the Business Corporations Act as it applies for the purposes of this Act, and .
286 Section 35 (1) is amended by striking out "Sections 75 to 99 of the Company Act" and substituting "Divisions 8, 9 and 10 of Part 3 of the Business Corporations Act".
287 The following sections are added:
35.1	(1)	Each society must keep a register of its indebtedness in excess of $5 000 to each director or officer of the society, or an associate of any of them, which register must contain
(a)	the name of the creditor,
(b)	the date the indebtedness was incurred,
(c)	the amount,
(d)	the interest rate payable, and
(e)	the due date.
(2)	A society that contravenes this section commits an offence.
35.2	(1)	If a receiver or receiver manager is appointed on behalf of debentureholders of a society whose debentures are secured by a charge on all or substantially all the assets of the society, or any other person takes possession by or for those debentureholders of the property comprised in or subject to the charge, there must be paid out of assets coming into the hands of the receiver or receiver manager, or other person taking possession, in priority to any claim for principal or interest in respect of the debentures, the wages or salary of any employee, except an employee who is a director, paid on a basis of time or piecework, for services rendered to the society during 3 months before the date of the appointment of the receiver or receiver manager, or other person taking possession, but not exceeding $2 000 for each employee.
(2)	Payments made under this section must be recovered out of the assets of the society that are available for payment of general creditors, to the extent of those assets.
288 Section 42 (b) is amended by striking out "the Company Act." and substituting "the Business Corporations Act."
289 Section 71 (1) is repealed and the following substituted:
(1) Despite the repeal of the Company Act, R.S.B.C. 1996, c. 62, Part 9 of that Act continues to apply to a society and an extraprovincial society as though Part 9 of that Act had not been repealed.
290 Section 74 is repealed and the following substituted:
74	(1)	A society may, with the consent of the registrar and in accordance with the regulations, be converted to a company, and for that purpose section 266, other than subsections (3) (b) and (6) of that section, and sections 267 and 268 of the Business Corporations Act apply to the society as if it were a special Act corporation within the meaning of that Act.
(2)	This section does not apply to a society with a charitable purpose referred to in section 73 (3) of this Act.
291 Section 75 (4) is repealed and the following substituted:
(4)	An extraprovincial society must not be registered unless the name of the proposed society is reserved under Division 2 of Part 2 of the Business Corporations Act as it applies for the purposes of this Act.
292 Section 95 (2) is amended by adding "or by the registrar" in both places after "the Lieutenant Governor in Council".
293 Section 276 of the Strata Property Act, S.B.C. 1998, c. 43, is repealed and the following substituted:
276	(1)	Except as otherwise provided in this Act and the regulations, the provisions of the Business Corporations Act that apply to a voluntary liquidation of a company apply to the voluntary winding up of a strata corporation with a liquidator and, for that purpose,
(a)	a reference to "registrar" in the Business Corporations Act as it applies for the purposes of this Act must be read as a reference to the registrar as defined in this Act,
(b)	a reference to "commencement of the liquidation" in the Business Corporations Act as it applies for the purposes of this Act must be read as a reference to the date on which the unanimous resolution referred to in section 277 of this Act is passed, and
(c)	a requirement in the Business Corporations Act as it applies for the purposes of this Act that documents must be filed with the registrar must be read as a requirement that the documents must be filed in the land title office.
(2)	Division 10 of Part 10 and section 324 of the Business Corporations Act do not apply to the voluntary winding up of a strata corporation with a liquidator.
(3)	A person commits an offence who contravenes section 327 (2) or 335 of the Business Corporations Act as it applies for the purposes of this Act and sections 428 to 430 of the Business Corporations Act apply in relation to those offences.
294 Section 277 (2) is amended by striking out "the Company Act." and substituting "the Business Corporations Act."
295 Section 283 is repealed and the following substituted:
283	The registrar must not file the application for dissolution referred to in section 343 (1) of the Business Corporations Act as it applies for the purposes of this Act unless that application is accompanied by a Certificate of Strata Corporation in the prescribed form stating that the final accounts referred to in the application have been approved by a resolution passed by a 3/4 vote at an annual or special general meeting.
296 Section 291 (1) is amended by striking out "Company Act" and substituting "Business Corporations Act".
297 Section 1 (3) (a) of the Tobacco Damages and Health Care Costs Recovery Act, S.B.C. 2000, c. 30, is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
298 Section 16 (4) (c) of the Tourism British Columbia Act, S.B.C. 1997, c. 13, is repealed and the following substituted:
(c) that the proposed contract or transaction relates to an indemnity of the type described in Division 5 of Part 5 of the Business Corporations Act or to insurance of the type described in section 165 of that Act, or .
299 Section 13 of the Trade Development Corporation Act, R.S.B.C. 1996, c. 456, is amended
300 Section 10 (2.6) (d) of the Trade Practice Act, R.S.B.C. 1996, c. 457, is amended by striking out "the Company Act," and substituting "the Business Corporations Act,".
301 Section 13 of the University Foundations Act, R.S.B.C. 1996, c. 471, is amended by striking out "qualified to be the auditor of a reporting company under the Company Act." and substituting "authorized to be the auditor of a company under sections 205 and 206 of the Business Corporations Act."
302 Section 15 (1) and (2) is amended by striking out "the Company Act" and substituting "the Business Corporations Act".
303 Section 26 of the Victoria Foundation Act, R.S.B.C. 2000, c. 33, is repealed and the following substituted:
304 Section 36 (5) (b) (ii) of the Waste Management Act, R.S.B.C. 1996, c. 482, is repealed and the following substituted:
(ii) is a corporation that is liquidated, dissolved or otherwise wound up or is an extraprovincial company within the meaning of the Business Corporations Act that has had its registration cancelled under Part 11 or 12 of that Act, .
305	This Act comes into force by regulation of the Lieutenant Governor in Council.