Encyclopedia of Canadian Laws

Corporation

Patrick Macklem

Corporation in Canada

Definition of Special Act Corporation or Company

Special Act Corporation or Company meaning or descrpition: a corporation formed by a special statute passed by Parliament to undertake special projects (Source of this concept of Special Act Corporation or Company: emp.ca/books/409-0)

Definition of Corporation

Corporation meaning or descrpition: a legal entity distinct from its shareholders or members, brought into existence by filing a document under the appropriate statute or special statute of the jurisdiction in which the corporation carries on business, with liability separate from its shareholders or members, and vested with the capacity of continuous succession (Source of this concept of Corporation: emp.ca/books/395-6 and emp.ca/books/409-0)

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