Identity area
Type of entity
Government
Authorized form of name
British Columbia Resources Investment Corporation
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
1977-1988
History
Established September 1, 1977 by the British Columbia Resources Investment Corporation Act (Bill 87), this Crown corporation was incorporated on February 22, 1978 as a holding company formed under the Social Credit government of William R. Bennett. The company took over ownership of Crown-owned resources, primarily pulp mills, sawmills and mines that had been purchased by the previous NDP government from 1972 to 1975. In August 1979 the BC government made all residents of the province eligible to receive five free shares in B.C. Resources Investment Corp., commonly known as “Brick shares.” The corporation changed its name to the Westar Group Ltd. in 1988 through an amendment to the original legislation (Bill 44, Resource Investment Corporation Amendment Act, 1988; Royal Assent, 29 Jun 1988). The 1988 amendment act also transformed BCRIC into a publicly traded company so that it was no longer a Crown corporation.
Places
Legal status
Functions, occupations and activities
Mandates/sources of authority
Internal structures/genealogy
B Government name
General context
Relationships area
Access points area
Subject access points
Place access points
Occupations
Control area
Authority record identifier
Institution identifier
Rules and/or conventions used
Status
Level of detail
Dates of creation, revision and deletion
Revised PW 2017 and KH 2023-01-10
Language(s)
Script(s)
Sources
Central Name Authority File
ARIS
Encyclopedia of British Columbia