Monday, July 19, 2010

Bill 65: Ontario’s nonprofit gamechanger

Bill 65: Ontario’s nonprofit gamechanger: "This fall, the Ontario charitable sector should know whether the province's Bill 65 — the Not-for-Profit Corporations Act, 2010 — will pass third reading in the legislature and become law.

Currently being evaluated by the province's Standing Committee on Social Policy, the act passed first reading in the Ontario legislature on May 12 and then again in second reading on June 2. The committee has been ordered to report back to the house on Sept. 13 where, according to Stephen Puddister, issues & media relations analyst with the ministry of consumer services, third reading and Royal Assent would follow, 'but timing has not yet been determined.' Proclamation of the new Act, if passed, is anticipated in 2012. [Note: Interested readers can follow the progress of Bill 65 at www.ontla.on.ca]."

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