Petro-Canada Public Participation Act (S.C. 1991, c. 10)

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Act current to 2012-05-14 and last amended on 2012-01-01. Previous Versions

Petro-Canada Public Participation Act

Assented to 1991-02-01

An Act respecting the privatization of the national petroleum company of Canada

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

2. (1) In this Act,
“Minister”
« ministre »
“Minister” means such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act or, if no member is so designated, the Minister of State (Privatization and Regulatory Affairs);
“Petro-Canada”
« Petro-Canada »
“Petro-Canada” means the corporation given that name by subsection 4(1);
“Petro-Canada Limited”
« Petro-Canada Limitée »
“Petro-Canada Limited” means the corporation given that name by subsection 4(2).
Marginal note:Same meaning
(2) Unless a contrary intention appears, words and expressions used in this Act have the same meaning as in the Canada Business Corporations Act.
Marginal note:Operation of Canada Business Corporations Act
(3) In the event of any inconsistency between this Act and the Canada Business Corporations Act, or anything issued, made or established under that Act, this Act prevails to the extent of the inconsistency.
Marginal note:Operation of Competition Act
(4) Nothing in, or done under the authority of, this Act affects the operation of the Competition Act in respect of the acquisition of any interest in Petro-Canada.

3. This Act is binding on Her Majesty in right of Canada or a province.

4. (1) The articles of Petro-Canada Inc., a corporation incorporated under the Canada Business Corporations Act, are hereby amended to change its name from “Petro-Canada Inc.” in English and French to “Petro-Canada” in both languages.
Marginal note:Change of name of Petro-Canada
(2) The name of Petro-Canada, a corporation established by the Petro-Canada Act, chapter P-11 of the Revised Statutes of Canada, 1985, is hereby changed to “Petro-Canada Limited” in English and “Petro-Canada Limitée” in French.
Marginal note:Rights preserved
(3) For greater certainty, the changes of names effected by this section do not affect an existing cause of action or claim or liability to prosecution in favour of or against a corporation whose name was so changed or its directors or officers or any civil, criminal or administrative action or proceeding to which the corporation or its directors or officers are parties.