Acts and Regulations

2016, c.105 - New Brunswick Liquor Corporation Act

Section 20
Disposition versions

Full text
Maintaining of accounts
20(1)The Corporation or a subsidiary of the Corporation shall maintain in its own name one or more accounts in any chartered bank designated by the Minister of Finance and Treasury Board.
20(2)Despite the Financial Administration Act, all money received by the Corporation or one of its subsidiaries through the conduct of its business or otherwise is to be deposited to the credit of the accounts established under subsection (1) and shall be administered by the Corporation or the subsidiary, as the case may be, exclusively in the exercise and performance of its powers, duties and functions.
20(3)The Corporation or a subsidiary, as the case may be, shall pay all salaries of the members of its board of directors and its employees and all expenditures incurred in operating its business.
R.S.1973, c.N-6.1, s.15 ; 2018, c.5, s.6; 2019, c.29, s.103
Maintaining of accounts
20(1)The Corporation or a subsidiary of the Corporation shall maintain in its own name one or more accounts in any chartered bank designated by the Minister of Finance.
20(2)Despite the Financial Administration Act, all money received by the Corporation or one of its subsidiaries through the conduct of its business or otherwise is to be deposited to the credit of the accounts established under subsection (1) and shall be administered by the Corporation or the subsidiary, as the case may be, exclusively in the exercise and performance of its powers, duties and functions.
20(3)The Corporation or a subsidiary, as the case may be, shall pay all salaries of the members of its board of directors and its employees and all expenditures incurred in operating its business.
R.S.1973, c.N-6.1, s.15 ; 2018, c.5, s.6
Maintaining of accounts
20(1)The Corporation shall maintain in its own name one or more accounts in any chartered bank designated by the Minister of Finance.
20(2)Despite the Financial Administration Act, all money received by the Corporation through the conduct of its operations or otherwise is to be deposited to the credit of the accounts established under subsection (1) and shall be administered by the Corporation exclusively in the exercise and performance of its powers, duties and functions.
20(3)The Corporation shall pay all salaries of the members of the Board and its employees and all expenditures incurred by the Corporation in operating its business.
R.S.1973, c.N-6.1, s.15