Is the veto right a "thing in action" as defined by s. 2 of the BIA?
Manitoba, Canada
The following excerpt is from Chartier v. Chartier Estate (Trustee of), 2012 MBQB 176 (CanLII):
The trustee argues that the veto right is a “thing in action” as that term is used in s. 2 of the BIA. I note that the Alberta legislation under consideration in Phan v. Lee also defined property to include “any cause of action”, yet the court found that the veto right was not “property”.
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