On Tuesday, April 19, 2016 I will be chairing an OBA program entitled "The Forfeited Property of Dissolved Not-for-Profit Corporations: New Developments in the Law". There will be 3 speakers from the Ontario government discussing upcoming changes.
Here is a description of the OBA program:
The Forfeited Property of Dissolved Not-for-Profit Corporations: New Developments in the Law
Find out what happens when a charity or other not-for-profit corporation dissolves without having all assets dealt with. The new Forfeited Corporate Property Act, 2015 and the Escheats Act, 2015 and related changes to other statutes, including the Corporations Act, will come into force on December 10, 2016. Learn about important changes and new timelines that impact you and your clients, including:
• Changes in the roles and powers of the Public Guardian and Trustee and the Minister of Economic Development, Employment and Infrastructure
• New requirements for corporations to keep records of land holdings
• Changes in the law relating to the availability of forfeited corporate property to reviving corporations and to creditors
• Changes in the processes for claimants to recover forfeited corporate property
Rosemarie Cochrane, Team Leader and Senior Counsel, Corporate Legal Services, Office Public Guardian and Trustee
Kenneth R. Goodman, Public Guardian & Trustee for Ontario
Brenda Linington, Senior Counsel, Legal Services Branch, Ministry of Energy/ Ministry of Economic Development, Employment and Infrastructure/ Ministry of Research and Innovation
Mark Blumberg, Blumberg Segal LLP
Here is a copy of the brochure.
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.