Canada Marine Act
27 (1) For the purposes of this Part, the Governor in Council may make regulations for the corporate management and control of port authorities or wholly-owned subsidiaries of port authorities, including regulations
(a) adapting any provision of the Canada Business Corporations Act and any regulations made under that Act, including provisions imposing punishment, for the purpose of applying those provisions as adapted to port authorities;
(b) prescribing, for the purposes of section 32, categories of investments in which a port authority may invest;
(c) respecting the preparation, form and content of the documents referred to in paragraphs 37(2)(a) to (d) and the information referred to in subsection 37(3);
(d) prescribing the remuneration threshold for the purposes of paragraph 37(3)(c) and the method of determining that threshold;
(e) respecting the insurance coverage that a port authority and a wholly-owned subsidiary of a port authority must maintain; and
(f) respecting the imposition of obligations on a port authority or a wholly-owned subsidiary of a port authority, as an agent of Her Majesty in right of Canada, including any requirements for a port authority or a wholly-owned subsidiary of a port authority to indemnify Her Majesty.
(2) A regulation made under subsection (1) may apply to only one port authority or wholly-owned subsidiary of a port authority.
Marginal note:Binding on Her Majesty
(3) A regulation made under subsection (1) may be made binding on Her Majesty in right of Canada or a province.
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