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Canada Marine Act

Version of section 140 from 2002-12-31 to 2016-12-31:

The following provision is not in force.

Marginal note:Agreements — Marine Atlantic Inc.

  •  (1) The Minister may enter into agreements with any person, including the government of a province, in respect of

    • (a) ensuring the continuation of services in fulfilment of Canada’s constitutional obligations;

    • (b) ensuring the continuation of services similar to those provided by Marine Atlantic Inc. before the transfer, sale or disposal, on the terms and conditions that the Minister considers appropriate, including by making financial contributions or grants or any other financial assistance; and

    • (c) the assets of Marine Atlantic Inc. that are transferred, sold or otherwise disposed of under subsection (2).

  • Marginal note:Disposition of assets

    (2) Marine Atlantic Inc. is authorized to transfer, sell or otherwise dispose of all or substantially all of its assets used in any major business or activity of the corporation, including the shares of a subsidiary.

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