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First Nations Fiscal Management Act

Version of section 78 from 2006-04-01 to 2016-03-31:


Marginal note:Priority

  •  (1) The Authority has a priority over all other creditors of a first nation that is insolvent, for any moneys that are authorized to be paid to the Authority under a law made under paragraph 5(1)(b) or (d).

  • Marginal note:Debts to the Crown

    (2) For greater certainty, subsection (1) does not apply to Her Majesty.


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