Amendments to the Business Corporations Regulation Table 1

July 5, 2007

Please be advised that the Registry issued the following notice:Subject:    Amendments to the Business Corporations Regulation Table 1 Articles and Business Corporations Acta)  OIC 269, Approved and Ordered May 18, 2007, orders that the Securities Transfer Act, S.B.C. 2007, C.10, except section 135 is brought into force July 1, 2007.  This act consequentially amends the Business Corporations Act.  To view the amendments go to:  http://www.leg.bc.ca/38th3rd/3rd_read/gov09-3.htmb)  OIC 454, Approved and Ordered June 21, 2007, will amend section 1.1, 2.5, 4.1, 4.2 and 4.3 of the Table 1 articles of the Business Corporations Regulation effective July 1, 2007.  Note section 261(2) of the Business Incorporations Act states “Unless the articles provide otherwise, if a company has Table 1 as its articles as a result of the operation of this Act or if a provision of Table 1 is adopted by reference in the articles of a company, any regulation that amends Table 1 or that provision, as the case may be, will, at the time that the amendment comes into force, effect a corresponding alteration to the company’s articles, without the necessity for the company to pass a resolution to make that alteration.”  c)  OIC 455, Approved and Ordered June 21, 2007, orders that, effective July 1, 2007, sections 1, 4, 6, 8, 9, 11, 14, 15, 18 to 21, 24, 25 and 27 to 30 of the Finance Statutes Amendment Act, 2007, are brought into force.  To view the amendments go to:  http://www.leg.bc.ca/38th3rd/3rd_read/gov14-3.htm

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