Are fellow shareholders in a corporation not considered partners?

British Columbia, Canada


The following excerpt is from Roussy v Savage, 2019 BCSC 1669 (CanLII):

Fellow shareholders in a corporation are not considered partners: Partnership Act, s. 3. In addition, no partnership exists between shareholders of corporations simply because the corporations themselves are partners: Chandler v. Rasmussen, 2012 BCSC 1010 at paras. 124-126. In effect, the corporate form subsumes any partnership that might otherwise exist between individual shareholders, unless they conduct business together outside of the corporate framework.

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