MGSC30H3 Chapter 17: Chapter 17 Notes
Document Summary
Special-act y y y many are for public or quasi-public purposes, such as for the construction of public utilities y. Special-act corporations as a general rule do not use the words limited, incorporated, or their abbreviations in the corporate name business corporations under federal jurisdiction are governed by the canada business corporations act while most provincial. Sale of assets only, with assignment of contracts. Joint resources of partners in capital and credit. Term of agency contract not beyond death or. A corporation is a legal entity that has an existence separate from its owners. The method of incorporation varies from province to province. It may take a number of different forms, each granting a corporation different rights and powers. In some provinces, incorporation is by the issue of letters patent, which is very similar to the royal charter form of incorporation and gives the corporation virtually all of the powers of a natural person.
