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| This is part of an archived statute consolidation that is current to May 14, 2001 and includes changes enacted and in force by that date. |
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| SECTION | EFFECTIVE DATE | ||
| 43 | November 1, 2000 | ||
Section 43 BEFORE changes were made by 2000-24-22 effective November 1, 2000 (BC Reg 280/00).
43 (1) A board must issue or renew a permit authorizing a corporation to operate as a health profession corporation if satisfied that all the following requirements and conditions have been met:
(a) the corporation is incorporated under the Company Act and is in good standing under that Act;
(b) if a term is prescribed under section 50 (2) (b) for the designated health profession, the name of the corporation includes the term;
(c) all voting shares of the corporation are legally and beneficially owned by registrants of the college;
(d) all non-voting shares of the corporation are legally and beneficially owned by persons
(i) who are registrants of the college,
(ii) who are the spouse of a shareholding registrant of the college,
(iii) who live as husband or wife with, although not married to, a shareholding registrant of the college and who have lived as such for a period of not fewer than 2 years,
(iv) who are children, as defined in the Family Relations Act, of a shareholding registrant of the college, or
(v) who are otherwise relatives of a shareholding registrant of the college and who reside with the registrant;
(e) all the directors of the corporation are registrants of the college;
(f) all the persons who will be providing the services on behalf of the corporation are registrants of the college or are under the direct supervision of a registrant of the college;
(g) all requirements and conditions established by bylaw under section 49 have been met;
(h) all requirements established by regulation under section 50 have been met.
(2) A board may refuse to issue or renew a permit under subsection (1) if
(a) the health profession corporation has previously had its permit revoked, or
(b) a shareholder, director or officer of the health profession corporation was a shareholder, director or officer of a health profession corporation that previously had its permit revoked.
(3) Despite subsection (1), voting or non-voting shares of a health profession corporation may be vested in
(a) an executor or administrator of the estate of a deceased registrant to allow the executor or administrator to discharge duties as executor or administrator of the estate, or
(b) a trustee in bankruptcy to allow the trustee to discharge duties as trustee in bankruptcy in respect of the corporation or a registrant.
Copyright (c) 2001: Queen’s Printer, Victoria, British Columbia, Canada