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Canada Development Corporation Reorganization Act (S.C. 1985, c. 49)

Act current to 2024-05-01

Transitional and Repeal Provisions (continued)

Marginal note:Insurance, trust and loan funds

  •  (1) The shares of the Corporation are an authorized investment for the funds of a corporation to which the Canadian and British Insurance Companies Act, the Foreign Insurance Companies Act, the Loan Companies Act or the Trust Companies Act applies.

  • Marginal note:Expiry

    (2) Subsection (1) expires on April 30, 1989.

Marginal note:Application

Footnote * Sections 9 to 11 apply in respect of the Corporation on and after the day on which a certificate of continuance of the Corporation is issued.

 [Amendment]

Marginal note:1970-71-72, c. 49

  • Footnote * (1) The Canada Development Corporation Act is repealed on the day on which a certificate of continuance of the Corporation is issued.

  • Marginal note:Director to give notice

    (2) The Director is not required to comply with subsection 181(5) of the Canada Business Corporations Act in respect of the Corporation, but he shall, when he issues the certificate of continuance of the Corporation, cause a notice to be published in the Canada Gazette setting out the day on which the certificate is issued and a statement to the effect that the Canada Development Corporation Act is repealed on that day.

 

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