These rules were made by the Judges of the Supreme Court of British Columbia for Proceedings under the Winding-Up Act. They cover the process for winding up a company and came into effect on January 1, 1961.
The Winding-Up Act is a federal statute:
Current Act
Winding-Up and Restructuring Act, R.S.C. 1985, c.W-11, see s.136 regarding the rules.
Previous Acts
- Winding-Up Act, R.S.C. 1970, c.W-10,s.137
- Winding-Up Act, R.S.C. 1952, c.296,s.137
- Winding-Up Act, R.S.C. 1927, c.213,s.137
- Winding-Up Act, R.S.C. 1906, c.144,s.134
- Winding-Up Act, R.S.C. 1886, c.129,s.92
- Insolvent Banks Act, S.C. 1882, c.23, s.97
The rules were not a regulation, however, they were published with the B.C. Supreme Court Rules, 1961 (B.C. Reg. 241/60) (available in most courthouse libraries). See page 389.
They were also published in the British Columbia Gazette Part II (available in most courthouse libraries), 1960, v.3, p. 389-421.
A separate copy of the Winding Up Rules is available in the Vancouver Courthouse Library.
On November 10, 2005 the British Columbia Supreme Court Judges passed a motion repealing the rules. The minutes of the meeting are not public.
- Canada Deposit Insurance Corporations v. Commonwealth Trust Co. (1992) 16 C.B.R. (3d) 66 (BCSC) and (1993) 83 B.C.L.R. (2d) 49 (BCCA) discusses of these rules.