BILL 32 – 2008
TRADE, INVESTMENT AND LABOUR MOBILITY AGREEMENT IMPLEMENTATION ACT
HER MAJESTY, by and with the advice and
consent of the Legislative Assembly of the Province of British
Columbia, enacts as follows:
Definition
1 In this Act, "Agreement"
means the Trade, Investment and Labour Mobility Agreement entered into
by the governments of British Columbia and Alberta on April 28,
2006 and includes amendments to the Agreement.
Prohibition on private cause of action
2 (1) Subject
to subsection (2), no legal proceeding lies or may be brought or
continued against the government or another person to enforce or
determine a right or obligation that is claimed or arises solely under
the Agreement or the Agreement as interpreted by a joint decision
issued under Article 34 (4) of the Agreement.
(2) Subsection (1) does not apply to a proceeding that is contemplated by Part IV of the Agreement.
(3) No legal proceeding lies or may be brought or
continued against the government for compensation, damages or any other
remedy for anything arising as a consequence of a joint decision issued
under Article 34 (4) of the Agreement.
Assigning responsibilities of government
3 The Lieutenant Governor in Council by order may assign to the minister the responsibility of
(a) carrying out on behalf of the government any of its powers or duties under the Agreement, or
(b) exercising on behalf of the government any discretion it has under the Agreement.
Power to make regulations
4 (1) The
Lieutenant Governor in Council may make regulations for the purposes of
implementing the Agreement or the amendments made by this Act to other
Acts, including, without limiting this, to remedy any transitional
difficulties encountered in implementing the Agreement or amendments
made by this Act to other Acts.
(2) A regulation made under this section may be
made retroactive to a date not earlier than April 1, 2007, and if made
retroactive
(a) is deemed to come into force on the date specified in the regulation, and
(b) is retroactive to the extent necessary to give it force and effect on the date specified in the regulation.
(3) This section is repealed two years after it
is brought into force and on its repeal any regulations made under it
are also repealed.
Consequential and Related Amendments
Accountants (Management) Act
5 Section 9 (3) and (4) of the Accountants (Management) Act, R.S.B.C. 1996, c. 4, is repealed.
Architects Act
6 Section 36 (1) (a) of the Architects Act, R.S.B.C. 1996, c. 17, is amended by striking out "and
has, before the application for membership in the institute, been for
2 years engaged in the practice of architecture in that
jurisdiction, or actively employed in the office of a practising member
of the institute or a practising architect approved by the council,".
Business Corporations Act
7 Section 1 (1) of the Business Corporations Act, S.B.C. 2002, c. 57, is amended by repealing the definition of "extraprovincial company" and substituting the following:
"extraprovincial company" means, as the case may be,
(a) a foreign entity registered under
section 377 as an extraprovincial company or under
section 379 as an amalgamated extraprovincial company, or
(b) a foreign entity registered as an
extraprovincial company or as an amalgamated extraprovincial company
under regulations made in accordance with Division 4 of Part 11,
and includes a pre-existing extraprovincial company; .
8 The heading of Part 10 is repealed and the following substituted:
Part 10 — Liquidation, Dissolution, Restoration
and Reinstatement .
9 The heading of Division 11 of Part 10 is repealed and the following substituted:
Division 11 — Restoration and Reinstatement .
10 Section 354 is amended
(a) in subsection (1) in the definitions of "full restoration" and "limited restoration" by striking out ", or a restoration of the registration of a foreign entity as an extraprovincial company,", and
(b) by repealing subsection (2) (b) and substituting the following:
(b) to a foreign entity that has had its
registration as an extraprovincial company cancelled, if, at the time
an application is made under this Division for the reinstatement of
that registration, the person is,
(i) in the case of a limited liability
company, the limited liability company or a manager or member of the
limited liability company, or
(ii) in the case of any other foreign entity, the foreign entity or a director, officer or shareholder of the foreign entity.
11 Section 355 is amended
(a) in subsection (1) by striking out "or the registration of a foreign entity as an extraprovincial company has been cancelled",
(b) by repealing subsection (2) (b) and substituting the following:
(b) mail notice of the application to the last
address shown in the corporate register as the address or mailing
address, as the case may be, of the registered office of the company,
and , and
(c) by repealing subsection (2) (c) and substituting the following:
(c) reserve a href under section 22 for the
company unless the company is to be restored with the name created by
adding "B.C. Ltd." after the incorporation number of the company.
12 Section 356 is amended
(a) in subsection (1) by striking out "or to restore the registration of a foreign entity as an extraprovincial company", and
(b) in subsection (4) (a) by striking out "or the cancellation of the registration of the foreign entity" and "or cancellation".
13 Section 357 is repealed and the following substituted:
Contents of application to the registrar for restoration
357 A restoration application under section 356 must contain the following:
(a) the date on which the notice required under section 355 (2) (a) was published in the Gazette;
(b) the date on which the notice required under section 355 (2) (b) was mailed in accordance with that subsection;
(c) the name reserved for the company and the
reservation number given for it, or a statement that the name by which
the company is to be restored is the name created by adding "B.C. Ltd."
after the incorporation number of the company;
(d) any translation of the company's name, set out in the prescribed manner, that the company intends to use outside Canada;
(e) if the application is for a full restoration of the company,
(i) a statement that the applicant is related to the company and the nature of the person's relationship with the company,
(ii) the mailing address and the delivery address of the office proposed as the registered office of the restored company, and
(iii) for the records office of the restored
company, the mailing address and the delivery address of the office at
which the dissolved company's records, within the meaning of section
351, are being kept or, if those records are not available, a statement
to that effect and the mailing address and the delivery address of the
office proposed as the records office of the restored company.
14 Section 358 (1) is amended by striking out "or restore the registration of the foreign entity as an extraprovincial company".
15 Section 359 is amended
(a) in subsections (1) and (2) (b) by striking out "or the restored registration of the foreign entity as an extraprovincial company is cancelled",
(b) in subsection (3) by striking out "356 (3), 357 (1) (a) and (b) and 357 (2) (c) or (3) (b)" and substituting "356 (3) and 357 (a), (b) and (e)", and
(c) by repealing subsection (4) and substituting the following:
(4) After a company is dissolved under this
section, the registrar must publish in the prescribed manner notice
that the company has been dissolved.
16 Section 360 is amended
(a) in subsection (1) by striking out "or to restore the registration of a foreign entity as an extraprovincial company", and
(b) by repealing subsections (5) and (6) and substituting the following:
(5) Subject to subsection (8), on an application
under subsection (1), the court may, if it is satisfied that it is
appropriate to restore the company, make an order, on the terms and
conditions, if any, the court considers appropriate, that the company
be restored.
(6) Without limiting subsection (5), in an order
made under that subsection, the court may give directions and make
provisions it considers appropriate for placing the company and every
other person in the same position, as nearly as may be, as if the
company had not been dissolved.
17 Section 361 is amended
(a) in subsections (1) and (2) (b) by striking out "or the restored registration of the foreign entity as an extraprovincial company is cancelled",
(b) in subsection (3) (d) (i) by striking out "sections 357 (1) (a) and (b) and 357 (2) (c) or (3) (b)" and substituting "section 357 (a), (b) and (e)", and
(c) by repealing subsection (4) and substituting the following:
(4) After a company is dissolved under this
section, the registrar must publish in the prescribed manner notice
that the company has been dissolved.
18 Section 362 is amended
(a) in subsection (2) by striking out "Subject to section 363 (2) and (3), unless" and substituting "Unless", and
(b) in subsection (2) (a) by striking out "or restore the registration of the foreign entity as an extraprovincial company".
19 Section 363 is repealed and the following substituted:
Restrictions on restoration
363 If a
restoration is as a result of an application to the registrar under
section 356, the registrar must not restore the company until 21 days
after the later of
(a) the date shown in the restoration
application as the date on which notice of the application was
published in the Gazette in accordance with section 355 (2)
(a), and
(b) the date shown in the restoration
application as the date on which the applicant mailed the notice of the
application in accordance with section 355 (2) (b).
20 The following sections are added:
Reinstatement of registration of foreign entity as extraprovincial company
364.1 (1) If
the registration of a foreign entity as an extraprovincial company has
been cancelled, a related person may apply to the registrar to
reinstate the registration of a foreign entity as an extraprovincial
company, but if the application is for reinstatement for a limited
period, any person may make the application.
(2) Before submitting an application to the registrar, the applicant must
(a) publish in the Gazette notice of the application,
(b) mail notice of the application to the last
address shown in the corporate register as the address or mailing
address, as the case may be, for an attorney for the extraprovincial
company or, if none, to the address inside British Columbia that was
the last address shown in the corporate register as the address or
mailing address, as the case may be, for its head office, and
(c) reserve a href or assumed name under section
22 or 26, as the case may be, for the foreign entity, unless the
foreign entity is a federal corporation.
(3) In order to apply for a reinstatement under
this section, the applicant must provide to the registrar the records
and information the registrar may require and must submit to the
registrar for filing a reinstatement application in the form
established by the registrar and any other records the registrar may
require.
(4) Subject to subsection (5), a reinstatement application must contain the following:
(a) the date on which the notice required under subsection (2) (a) was published in the Gazette;
(b) the date on which the notice required under subsection (2) (b) was mailed in accordance with that subsection;
(c) the name or assumed name, as the case may
be, reserved for the foreign entity and the reservation number given
for it, or, in the case of a federal corporation, the name of that
corporation;
(d) a statement that the applicant is related to
the foreign entity and the nature of the person's relationship with the
foreign entity;
(e) the mailing address and the delivery address
of the office proposed as the head office of the foreign entity after
reinstatement of its registration as an extraprovincial company,
whether or not that head office is in British Columbia;
(f) for each of the attorneys, if any, that the
foreign entity proposes to have after reinstatement of its registration
as an extraprovincial company, a mailing address and a delivery address
that comply with section 386 (3).
(5) If the application is for reinstatement for a
limited period, the reinstatement application must contain the matters
referred to in subsection (4) (a) to (c).
Registrar must reinstate
364.2 (1)
Subject to section 364.4 and unless the court orders otherwise in an
entered order of which a copy has been filed with the registrar, after
a reinstatement application under section 364.1 is filed with the
registrar, the registrar must, on any terms and conditions the
registrar considers appropriate, reinstate the registration of the
foreign entity as an extraprovincial company with the same registration
number the foreign entity had before its registration as an
extraprovincial company was cancelled.
(2) Unless the court orders otherwise, a
reinstatement under subsection (1) is without prejudice to the rights
acquired by persons before the reinstatement.
Limited reinstatement by registrar
364.3 (1) If a reinstatement under section 364.2 is for a limited period, the following apply:
(a) subject to paragraph (b), the reinstated
registration of the foreign entity as an extraprovincial company is
cancelled on the expiration of the limited period of reinstatement;
(b) on an application made by any person, the
registrar may extend the period to any later date that the registrar
considers appropriate, in which case the reinstated registration of the
foreign entity as an extraprovincial company is cancelled on the
expiration of the extended period.
(2) After the registration of a foreign entity as
an extraprovincial company is cancelled under this section, the
registrar must publish in the prescribed manner notice that the
registration has been cancelled.
Restrictions on reinstatement
364.4 (1) The
registrar must not reinstate the registration of the foreign entity as
an extraprovincial company until 21 days after the later of
(a) the date shown in the reinstatement
application as the date on which notice of the application was
published in the Gazette in accordance with section 364.1 (2) (a),
and
(b) the date shown in the reinstatement
application as the date on which the applicant mailed the notice of the
application in accordance with section 364.1 (2) (b).
(2) The registrar must not reinstate the
registration of a foreign entity as an extraprovincial company under
the same application made under section 364.1 unless the reservation of
the name or assumed name included in that reinstatement application
remains in effect at the date of the reinstatement or, if the
reservation has expired, a new reservation of that same name or assumed
name has been applied for and approved by the registrar.
(3) Subsection (2) does not apply to a federal corporation.
21 Section 365 is amended
(a) in subsections (1) and (3) by striking out "restored" wherever it appears and substituting "reinstated",
(b) in subsection (1) by striking out "restoration" in both places and substituting "reinstatement",
(c) by repealing subsection (2) and substituting the following:
(2) The mailing addresses and the delivery
addresses of the head office of the extraprovincial company, whether or
not the head office is in British Columbia, and of the attorneys, if
any, for the extraprovincial company are the mailing addresses and the
delivery addresses respectively shown for them on the reinstatement
application. , and
(d) by adding the following subsection:
(2.1) The name under which the extraprovincial
company is reinstated is the name that is included in the reinstatement
application if a reservation of that name remains in effect at the date
of the reinstatement or, if the reservation has expired, a new
reservation of that same name or assumed name has been applied for and
approved by the registrar.
22 Section 366 (2) is repealed.
23 Section 367 is amended
(a) in subsection (1) by striking out everything before paragraph (a) and substituting "After
the restoration of a company or the reinstatement of the registration
of a foreign entity as an extraprovincial company under this Division,
the extension or conversion under section 359 or 361 of a limited
restoration, or the extension of a reinstatement under section 364.3
(1) (b), the registrar must",
(b) in subsection (1) (a) (i) by striking out "restoration, extension or conversion" and substituting "restoration, reinstatement, extension or conversion",
(c) in subsection (1) (a) (ii) and (b) by adding "or reinstatement" after "restoration",
(d) in subsection (1) (c) by adding "or reinstatement application" after "restoration application", and
(e) by repealing subsection (2) and substituting the following:
(2) A certificate of restoration must show the
name of the company and the date and time of the restoration, or, in
the case of a certificate of reinstatement, the name and any assumed
name for the extraprovincial company and the date and time of the
reinstatement, and,
(a) in the case of a limited restoration or
reinstatement or the extension of a limited restoration or
reinstatement, include the date on which the limited period of
restoration or reinstatement expires, or
(b) in the case of a conversion of a limited restoration to a full restoration, include the date and time of the conversion.
24 Part 11 is amended by adding the following Division:
Division 4 — Designated Provinces and
Extraprovincial Companies from Designated Provinces
Definitions
399.1 In this Division:
"designated province" means a province designated by the Lieutenant Governor in Council for the purposes of this Division under section 399.2 (1);
"extraprovincial registrar" means a person in a designated province who holds a position that is equivalent to the registrar.
Power to make regulations
399.2 (1) The Lieutenant Governor in Council may by regulation designate a province for the purposes of this Division.
(2) Without limiting any other authority of the
Lieutenant Governor in Council to make regulations under this Act, the
Lieutenant Governor in Council may, in relation to foreign entities
from a designated province or foreign entities from a designated
province that are registered as extraprovincial companies, make
regulations as follows:
(a) respecting the filings that must be made by foreign entities or extraprovincial companies;
(b) respecting registration of foreign entities
as extraprovincial companies or as amalgamated extraprovincial
companies and cancellation of registration of foreign entities as
extraprovincial companies;
(c) respecting reinstatement by the registrar of registration of foreign entities as extraprovincial companies;
(d) respecting liquidation, receivership and dissolution of foreign entities registered as extraprovincial companies;
(e) respecting changes to information on the corporate register that relates to extraprovincial companies;
(f) respecting changes of name of foreign
entities registered as extraprovincial companies and cancellations or
changes of assumed name of foreign entities registered as
extraprovincial companies;
(g) respecting the head office of a foreign
entity registered as an extraprovincial company and attorneys of
extraprovincial companies;
(h) respecting the form or manner in which the
registrar may accept records, filings, applications, information,
forms, notices and fees in matters governed under this section;
(i) exempting foreign entities or
extraprovincial companies from a provision of this Act or from a
provision of a regulation made under another section of this Act;
(j) disapplying a provision of this Act or a
provision of a regulation made under another section of this Act in
respect of foreign entities or extraprovincial companies.
(3) Without limiting any other authority of the
Lieutenant Governor in Council to make regulations under this Act, the
Lieutenant Governor in Council may make regulations as follows:
(a) setting out the powers and duties of the registrar in relation to matters governed by regulations made under this section;
(b) in relation to companies recognized under
this Act, respecting the form or manner in which the registrar may
collect and transmit records, filings, applications, information,
forms, notices and fees to or for an extraprovincial registrar.
(4) A regulation under subsection (2) or (3) may
(a) require that a form be one established by the registrar or allow a form to be one established by the registrar, and
(b) confer a discretion on, or delegate a matter to, the registrar.
(5) If there is a conflict or an inconsistency
between a regulation made under this section and a provision of this
Act or a provision of a regulation made under another section of this
Act, the regulation made under this section prevails.
Registrar may enter into agreement
399.3 The
registrar may enter into an agreement with an extraprovincial registrar
in relation to companies recognized under this Act, foreign entities
from the designated province and foreign entities from the designated
province that are registered as extraprovincial companies, to address
the following matters:
(a) the collection by the extraprovincial
registrar of records, filings, applications, forms, notices, fees or
information required under this Act;
(b) the collection by the registrar of records,
filings, applications, forms, notices, fees or information required
under an enactment similar to this Act;
(c) the transmission of the matters referred to
in paragraphs (a) and (b) from the extraprovincial registrar to the
registrar and from the registrar to the extraprovincial registrar;
(d) the powers and duties of the registrar and
the extraprovincial registrar in relation to a matter referred to in
paragraph (a), (b), (c) or (e);
(e) any related matter that the registrar determines is appropriately included in the agreement.
Commercial Arbitration Act
25 Section 2 of the Commercial Arbitration Act, R.S.B.C. 1996, c. 55, is amended
(a) in subsection (1) by striking out "This Act applies to the following" and substituting "Subject to subsection (4), this Act applies to the following", and
(b) by adding the following subsection:
(4) This Act does not apply to the Trade,
Investment and Labour Mobility Agreement entered into between the
governments of British Columbia and Alberta on April 28, 2006, or to
amendments to that Agreement, except as provided in Article 31 of that
Agreement.
Community Care and Assisted Living Act
26 Section 11 (2) (a) of the Community Care and Assisted Living Act, S.B.C. 2002, c. 75, is amended
(a) by striking out "and" at the end of subparagraph (ii),
(b) by striking out "or" at the end of subparagraph (iii) and substituting "and", and
(c) by adding the following subparagraph:
(iv) agrees to be readily available to
respond to inquiries from the director of licensing or the medical
health officer and to provide to them financial and other records of
the community care facility that can reasonably be presumed to contain
information relevant to the administration of this Act and the
regulations, or .
27 Section 11 (2) (b) (i) is repealed and the following substituted:
(i) has a director permanently resident in
British Columbia or a prescribed province who agrees to be available by
telephone or other communication medium to respond to inquiries from
the director of licensing or the medical health officer within 24 hours
of a request and to provide to them financial and other records of the
community care facility that can reasonably be presumed to contain
information relevant to the administration of this Act and the
regulations, .
28 Section 34 (2) is amended
(a) in paragraph (h) by striking out "what the qualifications are for certification,", and
(b) by adding the following paragraphs:
(h.1) for the purposes of section 8, setting out the qualifications for certification;
(w) prescribing a province for the purposes of section 11 (2) (b) (i).
29 Section 34 is amended by adding the following subsection:
(6) In making regulations under subsection (2)
(h.1), the Lieutenant Governor in Council may do one or more of the
following in relation to the person who issues certificates for the
purposes of section 8:
(a) delegate a matter;
(b) confer a discretion;
(c) set out considerations that the person may
take into account when a matter is delegated under paragraph (a) or a
discretion is conferred under paragraph (b).
Cooperative Association Act
30 Section 1 (1) of the Cooperative Association Act, R.S.B.C. 1996, c. 28, is amended in the definition of "extraprovincial association" by striking out "section 181" and substituting "section 181 or under regulations made in accordance with Part 11.1".
31 Section 24 is amended by striking out "section 181" and substituting "section 181 or under regulations made in accordance with Part 11.1".
32 The following Part is added:
Part 11.1 — Designated Provinces and Extraprovincial
Associations from Designated Provinces .
Definitions
178.3 In this Part:
"designated province" means a province designated by the Lieutenant Governor in Council for the purposes of this Part under section 178.4 (1);
"extraprovincial registrar" means a person in a designated province who holds a position that is equivalent to the registrar.
Power to make regulations
178.4 (1) The Lieutenant Governor in Council may by regulation designate a province for the purposes of this Part.
(2) Without limiting any other authority of the
Lieutenant Governor in Council to make regulations under this Act, the
Lieutenant Governor in Council may, in relation to extraprovincial
corporations from a designated province or extraprovincial corporations
from a designated province that are registered as extraprovincial
associations, make regulations as follows:
(a) respecting the filings that must be made by extraprovincial corporations or extraprovincial associations;
(b) respecting registration of extraprovincial
corporations as extraprovincial associations or as amalgamated
extraprovincial associations and cancellation of registration of
extraprovincial corporations as extraprovincial associations;
(c) respecting liquidation and dissolution of extraprovincial corporations registered as extraprovincial associations;
(d) setting out procedures that the registrar
must follow before cancelling the registration of extraprovincial
corporations as extraprovincial associations;
(e) respecting changes to filed information that relates to extraprovincial associations;
(f) setting out the duties of a liquidator of an extraprovincial corporation registered as an extraprovincial association;
(g) respecting changes of name of extraprovincial corporations registered as extraprovincial associations;
(h) respecting the appointment of or change in attorneys of extraprovincial associations;
(i) respecting the form or manner in which the
registrar may accept records, filings, applications, information,
forms, notices and fees in matters governed under this section;
(j) exempting extraprovincial corporations or
extraprovincial associations from a provision of this Act or from a
provision of a regulation made under another section of this Act;
(k) disapplying a provision of this Act or a
provision of a regulation made under another section of this Act in
respect of extraprovincial corporations or extraprovincial associations.
(3) Without limiting any other authority of the
Lieutenant Governor in Council to make regulations under this Act, the
Lieutenant Governor in Council may make regulations as follows:
(a) setting out the powers and duties of the registrar in relation to matters governed by regulations made under this section;
(b) in relation to associations incorporated or
continued under this Act, respecting the form or manner in which the
registrar may collect and transmit records, filings, applications,
information, forms, notices and fees to or for an extraprovincial
registrar.
(4) A regulation under subsection (2) or (3) may
(a) require that a form be one established by the registrar or allow a form to be one established by the registrar, and
(b) confer a discretion on, or delegate a matter to, the registrar.
(5) If there is a conflict or an inconsistency
between a regulation made under this section and a provision of this
Act or a provision of a regulation made under another section of this
Act, the regulation made under this section prevails.
Registrar may enter into agreement
178.5 The
registrar may enter into an agreement with an extraprovincial registrar
in relation to associations incorporated or continued under this Act,
extraprovincial corporations from the designated province and
extraprovincial corporations from the designated province that are
registered as extraprovincial associations, to address the following
matters:
(a) the collection by the extraprovincial
registrar of records, filings, applications, forms, notices, fees or
information required under this Act;
(b) the collection by the registrar of records,
filings, applications, forms, notices, fees or information required
under an enactment similar to this Act;
(c) the transmission of the matters referred to
in paragraphs (a) and (b) from the extraprovincial registrar to the
registrar and from the registrar to the extraprovincial registrar;
(d) the powers and duties of the registrar and
the extraprovincial registrar in relation to a matter referred to in
paragraph (a), (b), (c) or (e);
(e) any related matter that the registrar determines is appropriately included in the agreement.
33 Section 180 (1) (d) is amended by striking out "section 181" and substituting "section 181 or under regulations made in accordance with Part 11.1".
34 Section 181 is amended by striking out "this section" and substituting "this section or under regulations made in accordance with Part 11.1".
Credit Union Incorporation Act
35 Section 1 (1) of the of the
Credit Union Incorporation Act, R.S.B.C. 1996, c. 82, is amended by
adding the following definition:
"designated jurisdiction" means a jurisdiction that is designated by regulation of the Lieutenant Governor in Council under section 108 (2) (i); .
36 Section 15.1 is amended by striking out "Subject to this section, an extraprovincial credit union," and substituting "Subject to this section, an extraprovincial credit union from a designated jurisdiction,".
37 Section 15.2 is amended
(a) by repealing subsection (1) (c) and substituting the following:
(c) the laws of a designated jurisdiction, ,
(b) in subsection (1) by striking out "that other jurisdiction" in both places and substituting "the designated jurisdiction", and
(c) in subsection (2) by striking out "the other jurisdiction" in both places and substituting "the designated jurisdiction".
38 Section 16 is amended
(a) by adding the following subsections:
(1.1) A credit union (the "transferring credit
union") may dispose of all or substantially all of its assets to an
extraprovincial credit union, other than a credit union that is the
equivalent of a central credit union, from a designated jurisdiction
(the "acquiring credit union"), but must not do so except in accordance
with subsections (2) to (6) of this section and the regulations under
section 108 (2) (j).
(1.2) Subsections (7) and (8) do not apply to a disposition referred to in subsection (1.1). , and
(b) in subsection (2) (g) by adding "or in accordance with the regulations" after "under subsection (7)".
39 The following section is added:
Business acquisition of an extraprovincial credit union by asset transfer
16.1 (1) A credit union (the "acquiring credit union"), if authorized by
(a) the consent given by the commission and the deposit insurance corporation for the purposes of this section, and
(b) the laws of a designated jurisdiction,
may acquire all or substantially all of the
assets of an extraprovincial credit union that is from the designated
jurisdiction (the "transferring extraprovincial credit union"), but
must not do so except in accordance with this section and the
regulations under section 108 (2) (j).
(2) The acquiring credit union must promptly file
with the commission the executed asset transfer agreement and any other
documents or certified copies of other documents that the commission
requires.
(3) If the commission consents to a proposed
asset transfer agreement, the commission must stipulate, as the
effective date of the asset transfer agreement, a date not earlier than
the date the commission receives the executed asset transfer agreement,
and the commission must deliver
(a) the executed asset transfer agreement, and
(b) the other documents referred to in subsection (2)
to the registrar together with written notice of the effective date.
(4) On receiving the executed asset transfer
agreement and the other documents referred to in subsection (2), the
registrar must
(a) register the asset transfer agreement and the other documents,
(b) issue a certificate of business acquisition, and
(c) publish in the Gazette a notice of the
business acquisition showing the name and registered office of the
acquiring credit union, the name of the transferring credit union and
the date of the business acquisition.
(5) On and after the effective date of a certificate of business acquisition,
(a) the rights, property, interests and assets
of the transferring extraprovincial credit union are transferred to and
vested in the acquiring credit union,
(b) the debts, obligations and liabilities of
the transferring extraprovincial credit union, including any
obligations to dissenting members and auxiliary members,
(i) are transferred to and assumed by the acquiring credit union,
(ii) become the debts, obligations and liabilities of the acquiring credit union, and
(iii) become enforceable against the acquiring credit union as if it had incurred them,
(c) each member of the transferring
extraprovincial credit union becomes a member of the acquiring credit
union and remains one until the member's membership ceases in
accordance with section 45, 47, 48 or 49, or the rules of the acquiring
credit union, and
(d) each member and auxiliary member of the acquiring credit union is bound by the asset transfer agreement.
40 Section 20 is amended by adding the following subsections:
(1.1) One or more credit unions (the
"amalgamating credit unions") may amalgamate with one or more
extraprovincial credit unions from one or more designated
jurisdictions, and continue as one credit union (the "amalgamated
credit union"), but must not do so except in accordance with this
section and the regulations under section 108 (2) (j).
(1.2) In subsections (2), (3), (6) and (7) and
sections 22 and 23, the term "amalgamating credit unions" is to be read
as including an extraprovincial credit union referred to in
subsection (1.1).
(1.3) In an amalgamation referred to in
subsection (1.1), 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 extraprovincial credit union in the extraprovincial credit
union'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 extraprovincial credit
union's jurisdiction.
41 The following section is added:
Amalgamation of credit union with extraprovincial credit union
20.1 (1) One
or more credit unions (the "amalgamating credit unions") may amalgamate
with one or more extraprovincial credit unions from one or more
designated jurisdictions (the "amalgamating extraprovincial credit
unions"), and continue as an extraprovincial credit union (the
"amalgamated extraprovincial credit union"), but must not do so except
in accordance with this section and the regulations under section 108
(2) (j).
(2) An amalgamation referred to in subsection (1) may only proceed if the following conditions are met:
(a) the laws of each amalgamating
extraprovincial credit union's governing jurisdiction allow the
amalgamation and each amalgamating extraprovincial credit union obtains
the approval to the amalgamation required by its charter and otherwise
complies with the laws of its governing jurisdiction with respect to
the amalgamation;
(b) the amalgamation is authorized by the commission and the deposit insurance corporation for the purposes of this section;
(c) each credit union is authorized to amalgamate
(i) by special resolution, if it is a credit
union that has issued no equity shares or has issued no equity shares
other than the membership shares, or
(ii) by special resolution, and, if it is a
credit union that has issued 2 or more classes of equity shares, by a
separate resolution of the holders of each class of equity shares other
than the membership shares, requiring a majority of 2/3 of the votes
cast for approval of each class.
(3) A credit union ceases to be a credit union
incorporated under this Act on and after the date on which it is
amalgamated under the laws of the amalgamated extraprovincial credit
union's governing jurisdiction, and the amalgamated extraprovincial
credit union must promptly file with the registrar and the commission a
copy of any record issued to the amalgamated extraprovincial credit
union by the amalgamated extraprovincial credit union's governing
jurisdiction to effect or confirm the amalgamation.
42 Section 24 (1) (b) is amended by striking out "section 20" and substituting "section 20 or 20.1".
43 Section 40 (3) is amended by striking out "section 16 or 17" and substituting "section 16, 16.1 or 17".
44 Section 51 is amended by striking out "section 16 (4) (b) (ii), 20 (4) (b) (ii)" and substituting "section 16 (4) (b) (ii), 20 (4) (b) (ii), 20.1 (2) (c) (ii)".
45 Section 79 is repealed and the following substituted:
Location of general meetings
79 A general meeting of a credit union may be held in
(a) British Columbia, or
(b) another province as approved by resolution of the members and
(i) under the laws of which a member of the central credit union is incorporated, in the case of a central credit union, or
(ii) in which the credit union has a branch office, in the case of a credit union other than a central credit union.
46 Section 83 (5) is repealed and the following substituted:
(3) A meeting of directors may be held in
(a) British Columbia, or
(b) another province
(i) under the laws of which a member of the central credit union is incorporated, in the case of a central credit union, or
(ii) in which the credit union has a branch office, in the case of a credit union other than a central credit union.
47 Section 85 (3) is amended by striking out "Sections 16, 44," and substituting "Sections 15.2, 16, 16.1, 20.1, 44,".
48 Section 93 (2) is amended by striking out "section 16 (3), 20 (3), 44 (8)," and substituting "section 16 (3), 16.1 (3), 20 (3), 20.1 (2) (b), 44 (8),".
49 Section 108 is amended
(a) in subsection (2) by adding the following paragraphs:
(i) designating a jurisdiction for the purposes
of sections 15.1, 15.2, 16 (1.1), 16.1, 20 (1.1) and 20.1, with
power to designate different jurisdictions for the purposes of
different sections;
(j) establishing rules to be followed by a
credit union or extraprovincial credit union before making or in making
a disposition under section 16 (1.1) or an acquisition under section
16.1 or before amalgamating or in amalgamating under section 20 (1.1)
or 20.1;
(k) in the case of an asset transfer referred to in section 16 (1.1),
(i) setting out criteria that the commission must or may take into account before consenting to the asset transfer agreement,
(ii) permitting the commission to set an
effective date for the asset transfer agreement that is not earlier
than the date the commission receives the executed asset transfer
agreement,
(iii) setting out the procedures the
commission must follow after determining the criteria referred to in
subparagraph (i) have been met,
(iv) setting out what the registrar must do, and
(v) establishing when the transferring credit union is dissolved. , and
(b) by adding the following subsection:
(5) In designating a jurisdiction under
subsection (2) (i) in relation to section 15.1, 15.2, 16 (1.1),
16.1, 20 (1.1) or 20.1, the Lieutenant Governor in Council may have
regard to the following:
(a) if the jurisdiction concerned is a province,
whether legislation similar to this Act has been enacted by the
legislature of the province, or, if another type of jurisdiction is
concerned, whether legislation similar to this Act has been enacted by
an equivalent body of the jurisdiction;
(b) whether the jurisdiction concerned provides reciprocal treatment to credit unions;
(c) whether the legislation enacted in the
jurisdiction concerned contains adequate provisions respecting the
following, as applicable:
(i) for the purposes of section 16 (1.1), the
transfer and vesting of rights, property, interests and assets of a
transferring credit union in an acquiring credit union and transfer to
and enforcement against an acquiring credit union of the debts,
obligations and liabilities of the transferring credit union;
(ii) for the purposes of section 16.1, the
transfer and vesting of rights, property, interests and assets of a
transferring extraprovincial credit union in an acquiring credit union
and transfer to and enforcement against an acquiring credit union of
the debts, obligations and liabilities of the transferring
extraprovincial credit union;
(iii) for the purposes of section 20 (1.1),
the transfer and vesting of rights, property, interests and assets of
an extraprovincial credit union in an amalgamated credit union and
transfer to and enforcement against the amalgamated credit union of the
debts, obligations and liabilities of the extraprovincial credit union;
(iv) for the purposes of section 20.1, the
transfer and vesting of rights, property, interests and assets of an
amalgamating credit union in an amalgamated extraprovincial credit
union and transfer to and enforcement against the amalgamated
extraprovincial credit union of the debts, obligations and liabilities
of the amalgamating credit union.
Employee Investment Act
50 Section 11 of the Employee Investment Act, R.S.B.C. 1996, c. 112, is repealed.
51 Section 44 (5) is amended by striking out ", 11".
Enforcement of Canadian Judgments and Decrees Act
52 Section 1 of the Enforcement of Canadian Judgments and Decrees Act, S.B.C. 2003, c. 29, is amended
(a) by renumbering the section as section 1 (1),
(b) in subsection (1) in the definition of "Canadian judgment" by striking out "but does not include a judgment, decree or order that" and substituting "and, subject to section 1.1, includes a TILMA award, but does not include a judgment, decree or order that",
(c) in subsection (1) by adding the following definitions:
"Agreement" means the Trade, Investment and Labour Mobility Agreement Between British Columbia and Alberta;
"panel" means a panel convened under Article 26 or 29 of the Agreement;
"TILMA award" means
(a) a monetary award within the meaning of
Article 29 (7) of the Agreement if no judicial review has been
requested in relation to that award under Article 31 (1)
within the 15 day period referred to in that Article,
(b) a monetary award within the meaning of Article 29 (7) of the Agreement if
(i) judicial review has been requested in
relation to that award under Article 31 (1) within the 15 day
period referred to in that Article, and
(ii) the judicial review court determines that the award should neither be set aside nor remitted to a panel, or
(c) if judicial review has been requested under
Article 31 (1) of a monetary award within the meaning of Article 29 (7)
of the Agreement and the judicial review court remits the award to a
panel, the monetary award as confirmed or amended by that panel,
and includes an award of costs under Article 32 (1) of the Agreement. , and
(d) by adding the following subsection:
(2) When used in relation to a TILMA award,
(a) a reference in this Act to a judge,
registrar, clerk or other proper officer of the court that made the
judgment is deemed to be a reference to a member of the panel that made
the TILMA award,
(b) a reference in this Act to the province or
territory where the judgment was made is deemed to be a reference to
British Columbia, and
(c) a reference in sections 6 (1) and (3) (a)
and (c) and 10 (a) and (b) to a proceeding is deemed to be a reference
to the proceedings that led to the TILMA award.
53 The following section is added:
TILMA awards
1.1 (1) If a Canadian judgment or a registered Canadian judgment is a TILMA award,
(a) sections 6 (2) (c) (ii) to (iv) and 9 do not apply, and
(b) a reference in section 4 to sections 5 and 6
is deemed to be a reference to sections 5 and 6 (1), (2) (a), (b) and
(c) (i), (3) and (4).
(2) If a registered Canadian judgment is a TILMA award against the government, the following must accord with the Crown Proceeding Act:
(a) enforcement of that registered Canadian judgment under section 4 of this Act;
(b) an order in respect of that registered
Canadian judgment under section 6 (2) (a), (b) or (c)
(i) of this Act.
(3) Subject to subsection (2), nothing in
subsection (1) affects the power of the Supreme Court to make, in
relation to a registered Canadian judgment that is a TILMA award, any
order in relation to the enforcement of that registered Canadian
judgment, including, without limitation, any order
(a) staying or limiting the enforcement of that registered Canadian judgment, or
(b) respecting the procedure to be used for the enforcement of that registered Canadian judgment,
that the court may make in relation to the enforcement of any other order or judgment of the court.
Financial Institutions Act
54 Section 10.1 (2) of the Financial Institutions Act, R.S.B.C. 1996, c. 141, is amended
(a) by striking out "or before making an application to the court under that Division", and
(b) in paragraph (b) by striking out "restoration, or conversion of a limited restoration" and substituting "reinstatement or extension of a limited reinstatement".
55 Section 201 (3) (c) is amended
(a) in paragraph (iv) by striking out "section 16" and substituting "section 16 or 16.1", and
(b) in paragraph (v) by striking out "section 20" and substituting "section 20 or 20.1".
Land Title Act
56 Section 148 (2) (b) of the Land Title Act, R.S.B.C. 1996, c. 250, is amended by striking out "residing in British Columbia".
Liquor Control and Licensing Act
57 Section 16 of the Liquor Control
and Licensing Act, R.S.B.C. 1996, c. 267, is amended by repealing
subsections (5) and (6) and substituting the following:
(5) A licence, other than a special occasion licence under section 7, must not be issued, renewed or transferred except to
(a) a person who is a resident of British Columbia or a Canadian citizen or is lawfully admitted to Canada under the Immigration and Refugee Protection Act (Canada) for permanent residence, and is not a minor,
(b) a partnership, of which each member is a
resident of British Columbia or a Canadian citizen or is lawfully
admitted to Canada under the Immigration and Refugee Protection Act (Canada) for permanent residence, and is not a minor, or
(c) a corporation whose agent or manager
selected by the corporation to carry on its business in the licensed
establishment is a resident of British Columbia or a Canadian citizen
or is lawfully admitted to Canada under the Immigration and Refugee Protection Act (Canada) for permanent residence, and is not a minor.
(6) A special occasion licence must not be issued except to a person who is not a minor and who
(a) is a resident of British Columbia or a Canadian citizen or is lawfully admitted to Canada under the Immigration and Refugee Protection Act (Canada) for permanent residence, or
(b) although not a resident of British Columbia or a Canadian citizen or lawfully admitted to Canada under the Immigration and Refugee Protection Act (Canada) for permanent residence, is approved for a special occasion licence by the general manager.
Notaries Act
58 Section 1 of the Notaries Act, R.S.B.C. 1996, c. 334, is amended by repealing the definition of "notarial district".
59 Sections 4, 6 (2), 7, 8 and 21 and the Schedule are repealed.
60 Section 5 (4) is amended by striking out everything after "and the date of the hearing must be published" and substituting "in a manner determined by the society."
61 Section 6 (1) is amended by striking out "for a notarial district".
62 Section 9 (1) is amended by striking out "Without applying to the court under section 8, a member" and substituting "A member".
63 Section 11 is amended by striking out everything after "the registrar must enroll the applicant as a member".
64 Section 13 (3) is amended by striking out "or 7, as appropriate".
65 Section 15 is amended
(a) by repealing subsection (1) (a) and substituting the following:
(a) any person if there is a need in a place for performance of the functions described in subsection (2), , and
(b) in subsection (3) by striking out "the area" and substituting "the geographic area".
66 Section 20 (2) and (7) is repealed and the following substituted:
(2) If the special fund falls below the
prescribed amount, every member, on receipt of notice in writing from
the secretary, must pay to the special fund in each practice year a sum
set by the directors and the payments must be continued for each
practice year until and including the practice year in which the
special fund again reaches the prescribed amount.
(7) If the special fund exceeds the prescribed
amount, the directors may invest and use the excess for the purposes of
the society.
67 Section 40 (a) is amended by striking out everything after "at the earliest reasonable opportunity" and substituting ", in the manner set out in the regulations, and".
68 Section 47 (1) is repealed and the following substituted:
(1) An act done by a notary public must not be
considered invalid or ineffectual only because it is done outside the
geographic area to which the notary's practice is limited, or is done
contrary to a limitation or condition to which the person's enrollment
or commission is subject.
69 Section 48 (1) (c) is repealed and the following substituted:
(c) if the person is a notary public, practise
outside the geographic area to which the person's practice is limited
or practise in any way contrary to a limitation or condition to which
the person's enrollment or commission is subject.
70 The following section is added:
Power to make regulations — Lieutenant Governor in Council
54.1 (1) The Lieutenant Governor in Council may make regulations referred to in section 41 of the Interpretation Act.
(2) Without limiting subsection (1), the Lieutenant Governor in Council may make regulations as follows:
(a) for the purposes of section 40 (a), setting out the manner of publication;
(b) prescribing an amount for the purposes of section 20 (2) and (7);
(c) for the purposes of section 15 (1) (a),
setting out considerations or circumstances that may be taken into
account by the Lieutenant Governor in Council in determining whether
there is a need for performance of the functions described in section
15 (2).
Partnership Act
71 Section 80 (3) of the Partnership Act, R.S.B.C. 1996, c. 348, is amended by adding "or under regulations made in accordance with Part 7" after "under this section".
72 Section 81 (1) is amended by striking out "in the form established by the registrar".
73 Section 94 is amended in the definition of "extraprovincial limited liability partnership" by adding "or under regulations made in accordance with Part 7" after "under this Part".
74 Section 119 is amended
(a) in subsection (1) by adding "or under regulations made in accordance with Part 7" after "under section 80", and
(b) by repealing subsection (2) and substituting the following:
(2) If a limited partnership is registered as an extraprovincial limited liability partnership,
(a) the partnership's registration under section 80 or under regulations made in accordance with Part 7 is cancelled, and
(b) section 80 or the regulations made in accordance with Part 7, as the case may be, cease to apply to the partnership.
75 The following Part is added:
Part 7 — Designated Provinces and
Extraprovincial Limited Partnerships and Limited Liability Partnerships
from Designated Provinces
Definitions
130 In this Part:
"designated province" means a province designated by the Lieutenant Governor in Council for the purposes of this Part under section 131 (1);
"extraprovincial limited liability partnership" means a foreign partnership registered as a limited liability partnership under this Part;
"extraprovincial registrar" means a person in a designated province who holds a position that is equivalent to the registrar;
"foreign partnership" means a partnership that has a governing province other than British Columbia that is a designated province;
"limited partnership" means a foreign partnership registered as a limited partnership under this Part.
Power to make regulations
131 (1) The Lieutenant Governor in Council may by regulation designate a province for the purposes of this Part.
(2) Without limiting any other authority of the
Lieutenant Governor in Council to make regulations under this Act, the
Lieutenant Governor in Council may, in relation to foreign
partnerships, limited partnerships or extraprovincial limited liability
partnerships, make regulations as follows:
(a) respecting the filings that must be made by
foreign partnerships, limited partnerships or extraprovincial limited
liability partnerships;
(b) respecting registration and cancellation of
registration of foreign partnerships as limited partnerships or
extraprovincial limited liability partnerships;
(c) respecting notice of dissolution of foreign
partnerships registered as limited partnerships or extraprovincial
limited liability partnerships;
(d) setting out procedures that the registrar
must follow before cancelling the registration of foreign partnerships
as limited partnerships or extraprovincial limited liability
partnerships;
(e) respecting changes to filed information that
relates to limited partnerships or extraprovincial limited liability
partnerships;
(f) respecting the approval by the registrar of
names of foreign partnerships, limited partnerships and extraprovincial
limited liability partnerships and setting fees for the approval;
(g) respecting the requirement of limited
partnerships and extraprovincial limited liability partnerships to have
an attorney, the functions of an attorney and the appointment or change
of attorney;
(h) establishing the authority and authorization
of an attorney, including deemed authorization to accept service of
process and notices;
(i) respecting information that must be kept and
maintained by an attorney and to whom and when the information must be
made available and fees that may be charged by an attorney for the
provision of the information;
(j) respecting the form or manner in which the
registrar may accept records, filings, applications, information,
forms, notices and fees in matters governed under this section;
(k) exempting foreign partnerships, limited
partnerships or extraprovincial limited liability partnerships from a
provision of this Act or from a provision of a regulation made under
another section of this Act;
(l) disapplying a provision of this Act or a
provision of a regulation made under another section of this Act in
respect of foreign partnerships, limited partnerships or
extraprovincial limited liability partnerships.
(3) Without limiting any other authority of the
Lieutenant Governor in Council to make regulations under this Act, the
Lieutenant Governor in Council may make regulations as follows:
(a) setting out the powers and duties of the registrar in relation to matters governed by regulations made under this section;
(b) in relation to limited partnerships formed
under Part 3 of this Act or limited liability partnerships formed under
Part 6 of this Act, respecting the form or manner in which the
registrar may collect and transmit records, filings, applications,
information, forms, notices and fees to or for an extraprovincial
registrar.
(4) A regulation under subsection (2) or (3) may
(a) require that a form be one established by the registrar or allow a form to be one established by the registrar, and
(b) confer a discretion on, or delegate a matter to, the registrar.
(5) If there is a conflict or an inconsistency
between a regulation made under this section and a provision of this
Act or a provision of a regulation made under another section of this
Act, the regulation made under this section prevails.
Registrar may enter into agreement
132 The
registrar may enter into an agreement with an extraprovincial registrar
in relation to limited partnerships formed under Part 3 of this Act,
limited liability partnerships formed under Part 6 of this Act, foreign
partnerships, limited partnerships and extraprovincial limited
liability partnerships, to address the following matters:
(a) the collection by the extraprovincial
registrar of records, filings, applications, forms, notices, fees or
information required under this Act;
(b) the collection by the registrar of records,
filings, applications, forms, notices, fees or information required
under an enactment similar to this Act;
(c) the transmission of the matters referred to
in paragraphs (a) and (b) from the extraprovincial registrar to the
registrar and from the registrar to the extraprovincial registrar;
(d) the powers and duties of the registrar and
the extraprovincial registrar in relation to a matter referred to in
paragraph (a), (b), (c) or (e);
(e) any related matter that the registrar determines is appropriately included in the agreement.
Small Business Venture Capital Act
76 Section 5 of the Small Business Venture Capital Act, R.S.B.C. 1996, c. 429, is repealed.
Transportation Act
77 Section 82 (1) (c) of the Transportation Act, S.B.C. 2004, c. 44, is amended by striking out "in British Columbia".
Transitional Provisions
Transition — Credit Union Incorporation Act transfers of incorporation
78 On the date that this section comes into force,
(a) section 15.1 of the Credit Union Incorporation Act,
as it read immediately before its amendment by this Act, applies to a
transfer of incorporation to British Columbia by an extraprovincial
credit union that was commenced under section 15.1 before that date,
until a certificate of continuation is issued to the extraprovincial
credit union or the transfer is withdrawn or not consented to or not
approved, and
(b) section 15.2 of the Credit Union Incorporation Act,
as it read immediately before its amendment by this Act, applies to a
credit union that before that date applied as set out in
section 15.2 (1) to the proper officer of the other jurisdiction.
Transition — Notaries Act applications, enrollments and appointments
79 (1) An application of a person for enrollment as a member under the Notaries Act,
R.S.B.C. 1996, c. 334, that was commenced before the coming into
force of this section and the amendments made by this Act to sections
5, 6 and 11 of the Notaries Act is deemed to be an
application for enrollment without a limitation on the member's
practice relating to a notarial district or area.
(2) The practice of a member who was enrolled under section 11 of the Notaries Act,
R.S.B.C. 1996, c. 334, as it read immediately before the coming
into force of this section and amendments made by this Act to section
11 of the Notaries Act, is deemed not to be limited to the notarial district or area recorded by the registrar on the roll.
(3) An appointment made under section 15 (1) (a) of the Notaries Act,
R.S.B.C. 1996, c. 334, as it read immediately before the coming
into force of this section and amendments made by this Act to section
15 of the Notaries Act, remains in force in accordance with
its terms until the appointment expires, is rescinded or amended or
another is made in its place.
Commencement
80 The
provisions of this Act referred to in column 1 of the following table
come into force as set out in column 2 of the table:
Item |
Column 1
Provisions of Act |
Column 2
Commencement |
1 |
Anything not elsewhere covered by this table |
The date of Royal Assent |
2 |
Sections 1 and 2 |
April 1, 2007 |
3 |
Sections 3 to 24 |
By regulation of the Lieutenant Governor in Council |
4 |
Section 25 |
April 1, 2007 |
5 |
Sections 26 to 51 |
By regulation of the Lieutenant Governor in Council |
6 |
Sections 52 and 53 |
April 1, 2007 |
7 |
Sections 54 to 79 |
By regulation of the Lieutenant Governor in Council |
Explanatory Note
This Bill implements the Trade, Investment and Labour Mobility Agreement between British Columbia and Alberta.
|