Canada Business Corporations Act (R.S.C., 1985, c. C-44)

Act current to 2014-04-02 and last amended on 2011-11-29. Previous Versions

Application

Marginal note:Application of Act
  •  (1) This Act applies to every corporation incorporated and every body corporate continued as a corporation under this Act that has not been discontinued under this Act.

  • (2) [Repealed, 1991, c. 45, s. 551]

  • Marginal note:Certain Acts do not apply

    (3) The following do not apply to a corporation:

  • Marginal note:Limitations on business that may be carried on

    (4) No corporation shall carry on the business of

  • Marginal note:Limitations on business that may be carried on

    (5) No corporation shall carry on business as a degree-granting educational institution unless expressly authorized to do so by a federal or provincial agent that by law has the power to confer degree-granting authority on an educational institution.

  • R.S., 1985, c. C-44, s. 3;
  • 1991, c. 45, s. 551, c. 46, s. 595, c. 47, s. 719;
  • 1992, c. 1, s. 142;
  • 1994, c. 24, s. 3;
  • 1996, c. 6, s. 167, c. 10, s. 212;
  • 1999, c. 31, s. 63;
  • 2001, c. 14, s. 2(F);
  • 2007, c. 6, s. 399;
  • 2009, c. 23, s. 309.

Purposes of Act

Marginal note:Purposes

 The purposes of this Act are to revise and reform the law applicable to business corporations incorporated to carry on business throughout Canada, to advance the cause of uniformity of business corporation law in Canada and to provide a means of allowing an orderly transferance of certain federal companies incorporated under various Acts of Parliament to this Act.

  • 1974-75-76, c. 33, s. 4;
  • 1978-79, c. 9, s. 1(F).

PART IIINCORPORATION

Marginal note:Incorporators
  •  (1) One or more individuals not one of whom

    • (a) is less than eighteen years of age,

    • (b) is of unsound mind and has been so found by a court in Canada or elsewhere, or

    • (c) has the status of bankrupt,

    may incorporate a corporation by signing articles of incorporation and complying with section 7.

  • Marginal note:Bodies corporate

    (2) One or more bodies corporate may incorporate a corporation by signing articles of incorporation and complying with section 7.

  • 1974-75-76, c. 33, s. 5;
  • 1978-79, c. 9, s. 1(F).