Sports Pool and Loto Canada Winding-Up Act (S.C. 1985, c. 22)

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Act current to 2024-11-26

Sports Pool and Loto Canada Winding-Up Act

S.C. 1985, c. 22

Assented to 1985-06-20

An Act respecting the winding-up of the Canadian Sports Pool Corporation and Loto Canada Inc.

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Marginal note:Short title

Marginal note:Definitions

2 In this Act,

Corporation: Corporation means the Canadian Sports Pool Corporation established by section 3 of the Athletic Contests and Events Pools Act; (Société)
Her Majesty: Her Majesty means Her Majesty in right of Canada; (Sa Majesté)
Minister: Minister means the Minister of Health. (ministre)

Marginal note:Corporation ceases to exist

3 The Corporation hereby ceases to exist.

Marginal note:Transfer of property and obligations of the Corporation

4 (1) All rights and property held by or in the name of or in trust for the Corporation and all obligations and liabilities of the Corporation are deemed to be rights, property, obligations and liabilities of Her Majesty.
Marginal note:Closing out affairs
(2) The Minister may do and perform all acts and things necessary for or incidental to closing out the affairs of the Corporation.

Marginal note:Repeal

5 The Athletic Contests and Events Pools Act is repealed.

Marginal note:Transfer of property and obligations of Loto Canada Inc.

6 (1) All rights and property held by or in the name of or in trust for Loto Canada Inc. and all obligations and liabilities of Loto Canada Inc. are deemed to be rights, property, obligations and liabilities of Her Majesty.
Marginal note:Dissolution and closing out affairs
(2) The Minister may do and perform all acts and things necessary for or incidental to procuring the dissolution and closing out of the affairs of Loto Canada Inc.

Marginal note:Legal proceedings

7 (1) Any action, suit or other legal proceeding in respect of an obligation or liability incurred by the Corporation or Loto Canada Inc., or incurred by the Minister in closing out the affairs of the Corporation or Loto Canada Inc., may be brought or taken against Her Majesty in any court that would have had jurisdiction if the action, suit or other legal proceeding had been brought or taken against the Corporation or Loto Canada Inc., as the case may be.
Marginal note:Idem
(2) Any action, suit or other legal proceeding pending in any court against the Corporation or Loto Canada Inc. may be continued against Her Majesty to the same extent as it could, but for the coming into force of this Act, have been continued against the Corporation or Loto Canada Inc., as the case may be.