On March 25, 2015, Minister of Finance Michael de Jong introduced Bill 24, the Societies Act, in the British Columbia Legislature. The Bill, which received Royal Assent on May 14, 2015, substantially reforms the current not-for-profit legislative regime. It repeals and replaces the existing Society Act, which governed over 27,000 not-for-profit legal entities in ...
The new BC Limitation Act came into force on June 1, 2013. One of the significant changes was to reduce the basic limitation period for most claims to two years from the date the claim was discovered. As a result, claims discovered on or after June 1, 2013 will become statute-barred in the very immediate future.
While it is always a good idea to take inventory of potential claims ...
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