Marginal note:Powers
4 (1) In carrying out its objects, the Mint has the rights, powers and privileges and the capacity of a natural person and may in particular
(a) procure the incorporation, dissolution or amalgamation of subsidiaries and acquire or dispose of any shares in them;
(b) acquire and dispose of any interest in any entity by any means; and
(c) generally do all things that are incidental or conducive to the exercise of its powers with respect to
(i) coins of the currency of Canada,
(ii) coins of the currency of countries other than Canada,
(iii) gold, silver and other metals, and
(iv) medals, plaques, tokens and other objects made or partially made of metal.
Marginal note:Additional powers
(2) In addition to the powers under section 21 of the Interpretation Act, the Mint may
(a) acquire, hold and alienate real property or any interest therein; and
(b) make grants in lieu of taxes to any municipality in Canada in amounts not exceeding the taxes that might be levied by that municipality in respect of real property under the administration and control of the Mint if the Mint were not an agent of Her Majesty.
- R.S., 1985, c. R-9, s. 4
- R.S., 1985, c. 35 (3rd Supp.), s. 3
- 1999, c. 4, s. 2
- Date modified: