37. [Repealed, 2008, c. 28, s. 95]

38. [Repealed, 2008, c. 28, s. 95]

39. [Repealed, 2008, c. 28, s. 95]

40. [Repealed, 2008, c. 28, s. 95]

41. [Repealed, 2008, c. 28, s. 95]

42. [Repealed, 2008, c. 28, s. 95]

43. [Repealed, 2008, c. 28, s. 96]

44. [Repealed, 2008, c. 28, s. 97]

45. [Repealed, 2008, c. 28, s. 97]

46. [Repealed, 2008, c. 28, s. 97]

Marginal note:Meaning of “Corporation”

47. In this Part, “Corporation” means the Canada Development Investment Corporation.

Marginal note:Authority to sell

• 48. (1) The Governor in Council may, on any terms and conditions that the Governor in Council considers appropriate, by order, authorize

  • (a) the Corporation to sell or otherwise dispose of any shares of any of its wholly-owned subsidiaries; or

  • (b) any wholly-owned subsidiary of the Corporation to sell or otherwise dispose of all or substantially all of the wholly-owned subsidiary’s assets.

• Marginal note:Shares

  (2) For the purpose of paragraph (1)(b), “assets” of a wholly-owned subsidiary of the Corporation include shares of any other corporation held by the wholly-owned subsidiary or by any person on its behalf, or held in trust for it.

Marginal note:Transfer of administration of property

• 49. (1) The Governor in Council may, by order, transfer or direct to be transferred the administration, management and control of any property, rights or interests held by any wholly-owned subsidiary of the Corporation from the wholly-owned subsidiary to any minister, department or agency of the Government of Canada.

• Marginal note:Transfer of obligations and liabilities

  (2) The Governor in Council may, by order, transfer or direct to be the transferred any obligation or liability incurred by any wholly-owned subsidiary of the Corporation from the wholly-owned subsidiary to any minister, department or agency of the Government of Canada.