Financial Administration Act

Version of section 89.1 from 2014-06-19 to 2015-02-25:

Marginal note:Implementation
  •  (1) The directors of a parent Crown corporation to which a directive is given shall ensure that the directive is implemented in a prompt and efficient manner and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from the implementation of the directive.

  • Marginal note:Best interests

    (2) Compliance by a parent Crown corporation with a directive is deemed to be in the best interests of the corporation.

  • Marginal note:Definition of directive

    (3) In this section, directive means

  • 1991, c. 24, s. 24;
  • 1998, c. 10, s. 173;
  • 2014, c. 20, s. 188.
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