Project

Bulk Sales Legislation (1983)

Project Status: LRC Reports
Project Contact: British Columbia Law Institute
Telephone Number: (604) 822-0142
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Overview

Keywords: bulk sale; goods; transfer; creditor; debtor; debt; asset; fraud; lent; dissipation; liquidation; merchant; manufacturer; proprietor; chattel; fiduciary; credit; vendor; wholesaler; stock; penalty; bankruptcy; Sale of Goods in Bulk Act

This project examines the Sale of Goods in Bulk Act, which was enacted primarily to protect unsecured creditors from debtors who sought to put assets beyond their reach by way of a bulk sale. A bulk sale is a transfer of all or substantially all of the assets of a business. It is made out of the ordinary course of that business. Bulk sales legislation imposed certain formalities on such transfers. It is open to question whether these formalities are in keeping with contemporary commercial realities.

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Reports

67. Report on Bulk Sales Legislation

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Backgrounders

Report on Bulk Sales Legislation

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