CN Commercialization Act (S.C. 1995, c. 24)

Marginal note:Discharge

12 The Minister, with the approval of the Minister of Finance, may

• (a) enter into an agreement or other arrangement with CN or any other person respecting the acquisition, holding, service, disposal or discharge of or other dealing with any debt or obligation incurred by, or security interest in, CN;

• (b) enter into any agreement or arrangement necessary or incidental to any activity referred to in subsection 11(1); and

• (c) pay out of the Consolidated Revenue Fund, or from the proceeds of any sale of shares, debts or obligations of, or security interests in, CN, amounts in respect of any agreement or arrangement referred to in paragraph (a) or (b).