Acts and Regulations

2018, c.3 - Cannabis Management Corporation Act

Full text
Dissolution of 698202 NB Inc./698202 N.-B. Inc.
36(1)Despite any provision of the Business Corporations Act, the body corporate incorporated under the Business Corporations Act on September 8, 2017, under the name 698202 NB Inc./698202 N.-B. Inc. is dissolved.
36(2)The appointment of a person as Chief Operating Officer is revoked.
36(3)The appointments of persons as other members of the board of directors, including the Chair and Vice-Chair, Secretary and Treasurer of the board of directors, are revoked.
36(4)Despite the provisions of a contract, agreement, arrangement, order or by-law, no expenses shall be paid to the members of the board of directors of 698202 NB Inc./698202 N.-B. Inc.
36(5)No action, application or other proceeding lies or shall be instituted against the Cannabis Management Corporation, the Minister of Finance or the Crown in right of the Province as a result of
(a) the dissolution of 698202 NB Inc./ 698202 N.-B. Inc.,
(b) the revocation of the appointment of the Chief Operating Officer, or
(c) the revocation of the appointments of the other members of the board of directors, or the Chair, Vice-Chair, Secretary or Treasurer.
36(6)A reference to 698202 NB Inc./698202 N.-B. Inc. in an Act, other than this Act, or in a regulation, rule, order, by-law, agreement, arrangement or other instrument shall be read as, unless the context otherwise requires, a reference to the Cannabis Management Corporation.