43. The Corporation is not entitled to apply for continuance in another jurisdiction.
Coming into Force
Marginal note:Simultaneous coming into force
44. This Part comes into force on the day on which Part 2 comes into force.
Ceasing to Have Effect
Marginal note:Ceasing to have effect
45. This Part ceases to have effect on the day on which Part 4 applies.
PART 4DISSOLUTION OF THE CANADIAN WHEAT BOARD
Marginal note:Application of Part
46. This Part applies only if the Corporation is not continued under Part 3 within five years, or any shorter period specified by the Governor in Council, after the day on which that Part comes into force.
Final Pool Period
Marginal note:Final pool period
47. (1) The Minister must, by order, in respect of each grain, designate one or more pool periods set by the Corporation under section 27 of the Canadian Wheat Board (Interim Operations) Act as a final pool period for the purposes of winding up the Corporation.
Marginal note:Final payment
(2) The Corporation must make all payments due under subsection 29(3) of the Canadian Wheat Board (Interim Operations) Act in respect of the final pool period before winding up the Corporation under section 48.
Marginal note:Exercising powers
(3) After the end of the final pool period, the Corporation may exercise its powers under the Canadian Wheat Board (Interim Operations) Act only for the purpose of administering that pool period and winding up the Corporation.
Distribution of Assets
Marginal note:Distribution of property
48. (1) The property of the Corporation is to be applied in satisfaction of its debts and liabilities, and the charges, costs and expenses incurred in winding-up its affairs.
(2) For greater certainty, the contingency fund established under subsection 18(1) of the Canadian Wheat Board (Interim Operations) Act forms part of the property of the Corporation.
Marginal note:Deadline for claims
49. (1) The Minister may fix a date by which all claims against the Corporation are to be submitted to the Corporation and must publish a notice of that date in the Canada Gazette at least 60 days before that date.
Marginal note:Failure to submit
(2) Any claim against the Corporation that is not submitted in accordance with subsection (1) is void.
Marginal note:Winding-up expenses
50. All charges, costs and expenses properly incurred in the winding-up of the Corporation, including the remuneration of any liquidator appointed under section 52, are payable out of the assets of the Corporation, in priority to all other claims.
51. (1) Any surplus that remains after the satisfaction of the debts and liabilities of the Corporation and the winding-up charges, costs and expenses belongs to Her Majesty in right of Canada.
Marginal note:Unsatisfied debts and liabilities
(2) Any debts and liabilities of the Corporation that remain unsatisfied on the day on which the Corporation is dissolved become the debts and liabilities of Her Majesty in right of Canada.
Appointment of Liquidator
52. If the Minister considers it necessary to fully carry out the purpose of this Part, the Minister may appoint a liquidator, who is to hold office during pleasure, to administer the final pool period and wind up the Corporation.
Marginal note:Powers, duties and functions
53. On appointment of a liquidator,
(a) the president, chairperson and other directors cease to hold their respective offices and the liquidator may exercise all of the powers and perform all the duties and functions of the Corporation; and
(b) the by-laws made under section 9 of the Canadian Wheat Board (Interim Operations) Act are deemed to be revoked.
Marginal note:Refusal to honour
54. The liquidator may refuse to honour any gratuitous contract, or conveyance or contract without consideration or with a merely nominal consideration, respecting either real or personal property or immovables or movables, made by the Corporation before the appointment of the liquidator.
55. The Corporation is dissolved on a day fixed by order of the Governor in Council.
PART 5REPEAL OF THE CANADIAN WHEAT BOARD (INTERIM OPERATIONS) ACT
Marginal note:Application of Part
56. This Part applies when the Corporation is continued under Part 3 or dissolved under Part 4.
Marginal note:Library and Archives of Canada Act
57. Despite sections 58 and 63, the Library and Archives of Canada Act continues to apply to the Corporation but only in respect of government records, as defined in that Act, that were under the control of the Corporation on the day before the day on which this Part applies.
R.S., c. A-1Access to Information Act
Marginal note:2006, c. 9, s. 165
Canadian Wheat Board
Commission canadienne du blé
R.S., c. G-10Canada Grain Act
Marginal note:Other works
(1.1) Every flour mill, feed mill, feed warehouse and seed cleaning mill is a work for the general advantage of Canada.
1996, c. 10Canada Transportation Act
Marginal note:2000, c. 16, s. 9(3)
government hopper car
wagon-trémie du gouvernement
government hopper car means a hopper car provided to a prescribed railway company by the government of Canada or a province; (wagon-trémie du gouvernement)
- Date modified: