On May 1, 2015, a significant number of changes to the Yukon’s Business Corporations Act and Business Corporations Regulation were proclaimed in force. This was the culmination of an almost seven-year process undertaken to modernize the Yukon’s corporations and securities legislation.
While many of these changes simply bring the Yukon’s corporations and securities legislation in line with that of other Canadian jurisdictions, there are a number of amendments that are unique to the Yukon.
Amendments of note include:
- “Safe harbour” provisions which allow directors, with the approval the majority of directors or shareholders, to pursue a “business opportunity” which might