British Columbia Order in Council — Order under Business Corporations, s (O.C. 512/2020)

O.C. 512/2020

British Columbia — Orders in Council

512 September 17, 2020 PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. , Approved and Ordered Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor , by and with the advice and consent of the Executive Council , orders that

section of the Appendix to B.C. Reg. 77/2020 , as it enacts Part of the Business Corpo rations Regulation , B.C. Reg. 65/2004, is amended by (

a) repealing section 51 (1) (

b) and substituting the following: (

b) a person controls a partnership if the person (

i) is a partner , other than a limited partner, in the partnership, or (ii) is a limited partner who (

A) is entitled to at least 25% of the profits of the partnership, (

B) is entitled to at least 25% of the assets of the partnership on windup, (

C) has at least 25% of the votes in partnership management, or (

D) has the right to appoint or remove the majority of the partnership's management;, and (

b) repealing section 52 (1) (o). / ./·ft 1iAJ!Jt_ __ Minister of Finance and Deputy Premier u Presiding Member of the Executive Council (This

part is for admini strati ve p111pos es onl y and is not part of the Ord e1:) Authority under which Order is made: Act and section: Business Corporations Act , S.B.C . 2002, c. 57, s. 432 Oth er: 0 IC 20 1 /2004 page I of I Rl0438302

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 512/2020
Type	order_in_council
Volume / chapter	arc oic 0512 2020
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	633afccdda2698897a61895375ccb65fb7a75dce

Source file is stored in the law ingest library (pdf).