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THE IMPACT OF THE NEW QUÉBEC BUSINESS CORPORATIONS

On February 14, 2011, the Quebec BusinessCorporations Act (“QBCA”) and the Act respecting the legal publicity of enterprises (“LPE”) simultaneously came into force. As you may recall from our last Communiqué, the QBCA replaces Parts I and IA of the former Companies Act (Quebec) (“QCA”) while the LPE consolidates into a single statute the former Act respecting the legal publicity of sole proprietorships, partnerships and legal persons and Act respecting the Enterprise Registrar.

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