What happens if my corporation undergoes an amalgamation?

What happens if my corporation undergoes an amalgamation?

Amalgamating is the process where two or more corporations merge and carry on as one corporation, the "amalgamated corporation". The “amalgamated corporation” is a new legal entity, regardless of whether the “amalgamated corporation” has the same name or people as any of the “amalgamating corporations”. If the Direct Owner of a pharmacy amalgamates, you must submit a Change of Direct Owner application. An amalgamation is considered a Change of Direct Owner because the “amalgamated corporation” is a new legal entity which has a new BC Incorporation Number.

For further information regarding a Change of Direct Owner application, refer to the College website or the Pharmacy Licensure Guide.