National Energy Board Act
Marginal note:Limitations on purchase and sale, etc.
74 (1) A company shall not, without the leave of the Board,
(a) sell, convey or lease to any person its pipeline, in whole or in part;
(b) purchase or lease any pipeline from any person;
(c) enter into an agreement for amalgamation with any other company; or
(d) abandon the operation of a pipeline.
Marginal note:Definition of "pipeline" and "company"
(2) For the purposes of paragraph (1)(b), pipeline includes a pipeline as defined in section 2 or any other pipeline, and, for the purposes of paragraph (1)(c), company includes a company as defined in section 2 or any other company.
Marginal note:Exception
(3) Notwithstanding paragraph (1)(a), leave shall only be required where a company sells, conveys or leases such part or parts of its pipeline as are capable of being operated as a line for the transmission of gas or oil.
- R.S., c. N-6, s. 63
- R.S., c. 27(1st Supp.), s. 19
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