B.C. GOVERNMENT TAKES COMPANY’S PROPERTY
November 1st, 2009Full version in Cantonese can be heard from my Podcast.
FACTS:
If a holding company is a vendor of a property & had not filed it’s annual reports for over two years, it technically considered “dissolved” by the Corporate Registry.
THE PROBLEM:
At the time of sale, listing agent should run a company search and if realized the company had been dissolved before the sale contract was signe ...