The Court held that the parties’ shared ownership of a company cannot be equivalent to the ownership of the property of the company itself. In sum, the only equivalency between a share certificate and a deed of title lies in the documentary evidence of title that the thing describes; that is, the deed of title describes an interest in real property and the parties’ share certificate describes an interest in the company: Sherk v. Smith, 2007 BCSC 1309 at para. 22 [Sherk].
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.