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42 |
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Second
Session, 50th General Assembly II Charles III, 2023 |
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AN ACT TO REPEAL THE
FARM PRODUCTS CORPORATION ACT |
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Received and Read the First Time................................................................ |
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Second
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Committee..................................................................................................... |
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Third
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Royal Assent................................................................................................. |
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HONOURABLE ELVIS LOVELESS Minister of Fisheries, Forestry and Agriculture |
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Ordered to be printed by
the Honourable House of Assembly |
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EXPLANATORY NOTES This Bill would ˇ repeal the Farm Products Corporation Act; ˇ vest the real and personal property of the Newfoundland and Labrador Farm Products Corporation in the Crown; and ˇ transfer responsibility for the obligations and liabilities of the Newfoundland and Labrador Farm Products Corporation to the Crown. A BILL AN ACT TO REPEAL THE FARM PRODUCTS CORPORATION ACT Analysis 1. Short title 2. RSNL1990 cF-5 Rep. 3. Assets and liabilities to the Crown Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: Short title 1. This
Act may be cited as the Farm Products
Corporation Repeal Act. RSNL1990 cF-5 Rep. 2. The Farm Products Corporation Act is repealed. Assets and liabilities to the Crown 3. (1) In this section, "corporation" means the Newfoundland and Labrador Farm Products Corporation. (2) Title to all real and personal property of the corporation is vested in the Crown. (3) The Crown is responsible for all the obligations and liabilities of the corporation. ŠKing's Printer |