Where a corporation has been incorporated in the Province of Manitoba land titles staff will automatically search the Manitoba Companies Office database to ensure the corporation is in good standing prior to allowing the corporation to become the mortgagee of lands. At no time will land titles require proof of incorporation or a current certificate of status from the registrant.
A corporation incorporated in a foreign jurisdiction (that includes any jurisdiction other than Manitoba) does not have to register with the Manitoba Companies Office in order to hold a mortgage on lands. In these cases the land titles staff are not able to automatically verify the status of the corporation and accordingly land titles requires proof of the corporation’s good standing from the jurisdiction in which the corporation is registered. This proof must be in the form of a Certified Status (or similar document). This document can be no more than two years old to be acceptable at land titles. Please note that in the event the foreign corporation forecloses under the mortgage land titles will only allow title to issue into the name of the foreign corporation if they register with the Manitoba Companies Office.