1998/99 Legislative Session: 3rd Session, 36th Parliament
FIRST READING
The following electronic version is for informational purposes only.
The printed version remains the official version.
Part 12 -- Extraprovincial Associations
179 (1) This Part applies only to an extraprovincial corporation that has in British Columbia a resident agent, representative, warehouse, office or place of business.
(2) The provisions of this Part are to be read together with the relevant provisions of the Company Act that, in section 5 or 6 of this Act or by a regulation under section 5 (2), are adopted by reference for the purposes of this Act.
180 (1) An extraprovincial corporation that carries on business that can lawfully be carried on by an association under authority of this Act must not carry on business in British Columbia, after the elapse of 2 months after starting to carry on that business in British Columbia, under a name that includes the word "cooperative" or any expression, word or abbreviation that indicates or implies that the extraprovincial corporation is an association or cooperative, or is organized on a cooperative basis, unless the extraprovincial corporation
(a) has a name that fulfills the requirements of section 23 (1) to (3),
(b) has provided evidence to the satisfaction of the registrar that the extraprovincial corporation is organized and operated and carries on business on a cooperative basis,
(c) continues to be organized and operated and to carry on business on a cooperative basis, and
(d) is registered under this section.
(2) A person must not act as an agent or representative of, or in any other capacity, for an extraprovincial corporation that is not registered as required by subsection (1).
(3) A person who acts for an extraprovincial corporation, contrary to subsection (2), is personally liable for the debts and obligations incurred by the person as agent.
181 The registrar may register an extraprovincial corporation under this section as an extraprovincial association if
(a) the extra provincial corporation has a name that fulfills the requirements of section 23 (1) to (3), and
(b) the registrar is satisfied on the basis of the evidence provided under section 180 (1) (b) that the extraprovincial corporation is organized, operated and carries on business on a cooperative basis.
[ . . . BILL CONTENTS | . . . PREVIOUS PART | NEXT PART . . .]
[ Return to: Legislative Assembly Home Page ]
Copyright © 1999: Queen's Printer, Victoria, British Columbia, Canada