Monday, May 5, 2008
The International Journal for Civil Society Law reports in its May 2008 issue that the Government of Ontario is reviewing the Ontario Corporations Act (OCA) with a view to developing a new legal framework to govern the structure and activities of charities and not-for-profit corporations. The OCA, which was originally enacted in 1907 and which has not been substantially revised since 1953, provides the current legal framework for governing the creation, governance and dissolution of not-for-profit corporations. The not-for-profit sector has experienced tremendous change in the intervening 55 years, prompting the need for reform. The Ministry of Government and Consumer Services has released three Consultation Papers to solicit comments. Interested persons may comment on the third and final paper until May 31, 2008.