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First Nations Land Management Act (S.C. 1999, c. 24)

Act current to 2021-02-15 and last amended on 2020-10-19. Previous Versions

Transitional Provisions (continued)

Marginal note:Transfer of capital moneys

  •  (1) If a First Nation’s land code comes into force before the day on which this section comes into force, all capital moneys held by Her Majesty for the use and benefit of the First Nation or its First Nation members cease to be Indian moneys and shall be transferred to the First Nation if the individual agreement between the First Nation and the Minister is amended to provide for it. All capital moneys collected or received by Her Majesty for the use and benefit of the First Nation or its First Nation members after the transfer are not Indian moneys and shall be transferred to the First Nation.

  • Marginal note:Duty to inform members

    (2) The council of the First Nation shall, at least 30 days before the individual agreement is amended, inform the First Nation members of the council’s intention to amend the individual agreement and of the amount of capital moneys held by Her Majesty for the use and benefit of the First Nation or its First Nation members.

  • 2018, c. 27, s. 382

 [Amendment]

Coming into Force

Marginal note:Order of Governor in Council

Footnote * Section 45 comes into force on a day to be fixed by order of the Governor in Council after the completion of a review of the Framework Agreement in accordance with its provisions and any consultations that the Governor in Council may require.

 
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