person acting in a fiduciary capacity
administrator of the property of others
Canada Business Corporations Act, R.S.C., 1985, c. C-44
48. ...
(2) ...
"fiduciary"
means any person
acting in a fiduciary capacity and includes a personal representative of
a deceased person;
The linguistic versions differ
as to content. While the English version refers directly to a person
acting "in a fiduciary capacity"
, the French version refers to a "personne
agissant à titre de représentant"
(person acting as a representative).
The scope of the concept of "représentant"
(representative) is not the
same as that of a "person acting in a fiduciary capacity"
in civil law and in
common law in French.
A "fiduciary/représentant"
who acts in the
context of Part VII of the Act must comply with the standards of conduct
(duty of loyalty, no conflict of interest, duty to act honestly and in good
faith, etc.) to which the concept of "person acting in a fiduciary capacity"
refers in common law. The corresponding civil law standard is a person who,
on the basis of a relationship of trust and confidence, has an obligation of
good faith and loyalty.
In common law in French, the equivalent of "acting in a
fiduciary capacity"
is "agir à titre fiducial"
.
In the English version, "who acts in a fiduciary capacity
or as the administrator of the property of others"
is added.
In the French version, "L'administrateur du bien d'autrui ou la personne qui agit à titre
fiducial"
is added.
48. ...
(2) ...
"fiduciary"
means any person
who acts in a fiduciary capacity or as the administrator of the
property of others and includes a personal representative of a deceased
person;
Federal Law-Civil Law Harmonization Act, No. 3, S.C. 2011, c. 21, s. 28(1).