Law:Cape Breton Development Corporation Divestiture Authorization and Dissolution Act

From Law Delta

Revision as of 04:35, 26 September 2011 by Admin (Talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search


S.c. 2000, c. 23

Assented to 2000-06-29

An Act to authorize the divestiture of the assets of, and to dissolve, the Cape Breton Development Corporation, to amend the Cape Breton Development Corporation Act and to make consequential amendments to other Acts

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:


Contents

Short Title

Short title

1. This Act may be cited as the Cape Breton Development Corporation Divestiture Authorization and Dissolution Act.


Disposal Of Assets And Dissolution

Authorization

2. (1) The Cape Breton Development Corporation (“the Corporation”), established by the Cape Breton Development Corporation Act, is authorized

(a) to sell or otherwise dispose of all or substantially all of its assets; and

(b) to do everything necessary for or incidental to closing out its affairs.

Provisions not applicable

(2) Subsections 99(2) to (5) of the Financial Administration Act do not apply to the authorization in subsection (1).

Commencement of legal proceedings

3. (1) Any action, suit or other legal proceeding in respect of an obligation or liability incurred by the Corporation in closing out its affairs may be brought against Her Majesty in any court that would have had jurisdiction if the action, suit or other legal proceeding had been brought against the Corporation.

Continuation of legal proceedings

Dissolution

4. The Corporation is dissolved on a day to be fixed by order of the Governor in Council.

Declaration of general advantage

5. The works and undertakings operated or carried on by the Corporation on or after June 15, 1967 are declared to be works for the general advantage of Canada.


Amendments To The Cape Breton Development Corporation Act

6. to 17. (Amendments)


Consequential Amendments

18. to 22. (Amendments)


Coming Into Force

Coming into force


Personal tools
Laws
Variants
Actions
Navigation
Toolbox