Bijural Terminology Records
- Common Law
-
personal representative
- Civil Law
-
personal representative
- Title of the Legislative Text
-
Canada Business Corporations Act, R.S.C., 1985, c. C-44.
- Provision
-
31. (1) A corporation may in the capacity of a legal representative hold shares in itself or in its holding body corporate unless it or the holding body corporate or a subsidiary of either of them has a beneficial interest in the shares.
- Problem
-
The linguistic versions differ as to content. The concepts of "legal representative" and "mandataire" used in this provision are not equivalent, the latter being broader than the former.
-
When amendments were made in 2001 to the Canada Business Corporations Act, the terms "mandataire/legal representative" were replaced in several provisions by "représentant personnel/personal representative" and a definition of these terms was added to subsection 2(1) of the Act. The concept of "représentant personnel/personal representative" is more appropriate in the context of this provision.
- Solution
-
In the English version, "legal representative" is replaced by "personal representative", a term defined in subsection 2(1) of the Act.
-
In the French version, "mandataire" is replaced by "représentant personnel", a term defined in subsection 2(1) of the Act.
- Harmonized Provision
-
31. (1) A corporation may in the capacity of a personal representative hold shares in itself or in its holding body corporate unless it or the holding body corporate or a subsidiary of either of them has a beneficial interest in the shares.
-
Federal Law-Civil Law Harmonization Act, No. 3, S.C. 2011, c. 21, s. 21(1).
- Date modified: