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Act honestly and with care
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British Columbia stands fully covered: its own filings and guidance stand in the books beside the federal ones.
Directors and officers act honestly and in good faith, in the society’s best interests, with the care a reasonable person would show.
Invest and borrow only as the bylaws allow, the way a prudent person would. Binds: BC societies.
The law’s own words
“A society may invest its funds only in accordance with its bylaws, or in an investment in which a prudent investor might invest, unless the bylaws prohibit that investment.”
BC Societies Act, s. 33 · Read it at BC Laws · Verified 2026-11-06
“A director of a society must, when exercising the powers and performing the functions of a director of the society, act honestly and in good faith with a view to the best interests of the society … exercise the care, diligence and skill that a reasonably prudent individual would exercise in comparable circumstances.”
BC Societies Act, s. 53(1) · Read it at BC Laws · Verified 2026-11-06