Bijural Terminology Records

Common Law

fiduciary capacity

Civil Law

trustee or administrator of the property of others

Title of the Legislative Text

Bankruptcy and Insolvency Act, R.S.C. (1985), c. B-3

Provision

  178. (1) An order of discharge does not release the bankrupt from

  • ...

  • (d) any debt or liability arising out of fraud, embezzlement, misappropriation or defalcation while acting in a fiduciary capacity;

Problem

In the English version, there is no corresponding civil law concept for the notion of "fiduciary capacity". It is conveyed in civil law in English "as a trustee" (à titre de fiduciaire). Moreover, with the reform of the Civil Code, the Quebec legislator introduced the notion of "administrator of the property of others" who is charged with the administration of property or a patrimony that is not his own. Given the scope of this section, it is necessary to include this notion.

Solution

In the French version, the phrase dans la province de Québec à titre de fiduciaire ou d'administrateur du bien d'autrui ou, dans les autres provinces, is added. In the English version, the phrase "or, in the Province of Quebec, as a trustee or administrator of the property of others" is added. The term "fiduciary capacity"/à titre de fiduciaire is maintained for common law purposes.

Harmonized Provision

  178. (1) An order of discharge does not release the bankrupt from

  • ...

  • (d) any debt or liability arising out of fraud, embezzlement, misappropriation or defalcation while acting in a fiduciary capacity or, in the Province of Quebec, as a trustee or administrator of the property of others;

Federal Law-Civil Law Harmonization Act, No. 1, S.C. 2001, c. 4, s. 32

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