Bill S-11
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| Retention of
records
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(3) The Director is not required to produce
any document, other than a certificate and
attached articles or statement filed under
section 373, after the expiration of the
prescribed period.
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TRANSITIONAL PROVISIONS |
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233. Part XIX.1 of the Canada Business
Corporations Act, as enacted by section 115
of this Act, does not apply to any proceeding
commenced before the coming into force of
that section.
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234. Part 18.1 of the Canada Cooperatives
Act, as enacted by section 218 of this Act,
does not apply to any proceeding
commenced before the coming into force of
that section.
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CONSEQUENTIAL AMENDMENTS |
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| 1997, c. 26
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Budget Implementation Act, 1997 |
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235. Paragraph 8(2)(n) of the Budget
Implementation Act, 1997 is replaced by the
following:
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| R.S., c. C-10
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Canada Post Corporation Act |
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| 1993, c. 17,
s. 1
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236. Section 27 of the Canada Post
Corporation Act is replaced by the
following:
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| Canada
Business
Corporations
Act
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27. (1) The definitions ``beneficial
ownership'', ``debt obligation'', ``redeemable
share'', ``security'', ``security interest'' and
``special resolution'' in subsection 2(1) and
sections 23 to 26, 34, 36 to 38 (except
subsection 38(6)), 42, 43, 50, 172 and 257 of
the Canada Business Corporations Act apply,
with such modifications as the circumstances
require, in respect of the Corporation as if the
references therein to articles were references
to the by-laws of the Corporation.
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| Assets of
Corporation
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(2) For the purposes of applying subsections
34(2), 36(2) and 38(3) and section 42 of the
Canada Business Corporations Act in respect
of the Corporation, the assets held by the
Corporation as an agent of Her Majesty in
right of Canada shall be deemed to be assets of
the Corporation.
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COMING INTO FORCE |
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| Coming into
force
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237. The provisions of this Act come into
force on a day or days to be fixed by order
of the Governor in Council.
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