Part 6 and part 7 can in many ways be treated as a piece. They are considered to be what we call “contingent provisions”. It is recognized that very few corporations would use these even as they are currently written. There are provinces that now have adopted uniform transfer-of-securities acts. The federal government has, in its own right, been looking at a federal equivalent that would take into account not only this act but also the Canada Business Corporations Act, the Bank Act, and other financial institutions acts. That's one of the reasons we left this in as it is.
As I said, it would very seldom be used. They are grouped together as a piece, so it does not create an unnecessary and complex piece of work for corporations that would never use them, but you have to think of these as something like the user manuals for a DVD recorder or a Blu-ray player: you can plug them in and play them, and they will work fine, but if you want to use the bells and whistles, you would want to have the rules of the game. You would want to have the manuals in front of you.
If there are legal questions, then a not-for-profit corporation would have to call a lawyer, which is not free. These sections are here to assist those few corporations that may use them. In the event that a federal securities act comes into play, they will be adjusted or addressed at that time.