Acts and Regulations

P-5 - Partnerships and Business Names Registration Act

Full text
Certificate of change of membership
2022, c.2, s.1
3.2(1)When a change takes place in the membership of a firm that is registered under this Act, a certificate of change of membership of partnership in the form prescribed by regulation shall be completed within two months of the date of the change and kept at the principal place of business of the firm in the Province until the partnership is dissolved.
3.2(2)A certificate of change of membership referred to in subsection (1) shall be signed by each continuing and incoming member of the firm personally and specify the following: 
(a) the full name, address and occupation of each retiring partner;
(b) the full name, address and occupation of each continuing partner and each incoming partner; and
(c) the date that each continuing partner and each incoming partner signs the certificate.
3.2(3)Despite subsection (2), a certificate of change of membership referred to in subsection (1) may be signed on behalf of a member of a firm who has given authority in this regard to the actual signer who is also a member of the firm.
3.2(4)A firm shall release the following information in relation to any certificate of change of membership referred to in subsection (1), without cost, to any person who makes a request: 
(a) the full name, address and occupation of all present members of the firm; and
(b) the full name, address and occupation of all persons who were members of the firm at a date set out in the request.
3.2(5)All certificates of change of membership of partnership kept at the principal place of business of the firm in the Province may be maintained in paper form or in photographic film form or entered or recorded by any system of mechanical or electronic data processing or by any other information storage system that is capable of reproducing any required information in an accurate and intelligible paper form within a reasonable time.
3.2(6)When certificates of change of membership referred to in subsection (5) are maintained otherwise than in paper form, the firm shall furnish the information requested under subsection (4) in an accurate and intelligible paper form.
3.2(7)A firm is not required, six years after the date of the most recent signature indicated on a certificate of change of membership of partnership, to produce the original certificate and may destroy any of those certificates, on or after that date, that are maintained in paper form if the certificate is also maintained in another form set out in subsection (5).
2022, c.2, s.1