WebMay 31, 2024 · Legislative changes. Service Alberta reviewed the Business Corporations Act between July 2024 and September 2024 to keep pace with other jurisdictions, and to modernize and enhance Alberta’s competitiveness to attract corporations. In November 2024, the BCA was amended make it easier for businesses to operate in Alberta by … WebMar 26, 2024 · Previously passed changes to the Business Corporations Act (Alberta) and the Companies Act (Alberta) are expected to be proclaimed in force by the Alberta Government on March 29, 2024. These changes will include the removal of director residency requirements and the creation of agent for service requirements under those …
Personal Liability of Directors for the Debts of a Corporation
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WebApr 14, 2024 · On March 28, 2024, the Alberta Government's Bill 10: Financial Statutes Amendment Act, 2024 (Bill 10) received Royal Assent. Bill 10 amends a number of key corporate statutes, including... WebJun 14, 2024 · While the board of directors of a corporation governed by the Business Corporations Act (Ontario) (the "OBCA") has the power to declare dividends, its authority to declare and pay cash dividends is subject to compliance with two statutory solvency tests. Solvency Tests Cash dividends are subject to two statutory solvency tests set out in … WebApr 13, 2024 · Canada April 13 2024. On March 28, 2024, the Alberta Government's Bill 10: Financial Statutes Amendment Act, 2024 (Bill 10) received Royal Assent. Bill 10 amends … division knee pad blueprint