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, transfer 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.
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) Despite paragraph (1)(a), leave shall only be required if a company sells, transfers or leases any part or parts of its pipeline that are capable of being operated as a line for the transmission of gas or oil.
- R.S., 1985, c. N-7, s. 74
- 2004, c. 25, s. 155
- Date modified: