3(1.1)On the commencement of this subsection, the one common share held by the Crown, as represented by the Minister, in the Corporation is transferred to the Holding Corporation.
3(1.2)For greater certainty, once the transfer referred to in subsection (1.1) occurs, the Corporation becomes a subsidiary of the Holding Corporation.
3(2)The Corporation may use and be legally designated by the English or French version of its name.
3(3)The Corporation is a Crown corporation and is, for all purposes, an agent of the Crown.
3(4)Subject to this Act, the Corporation has the capacity, rights, powers and privileges of a natural person.
3(5)The Corporation has the capacity to carry on its business, conduct its affairs and exercise its powers outside the Province.
3(6)The Business Corporations Act does not apply to the Corporation.
3(7)The head office of the Corporation shall be at The City of Fredericton.
3(1.1)On the commencement of this subsection, the one common share held by the Crown, as represented by the Minister, in the Corporation is transferred to the Holding Corporation.
3(1.2)For greater certainty, once the transfer referred to in subsection (1.1) occurs, the Corporation becomes a subsidiary of the Holding Corporation.
3(2)The Corporation may use and be legally designated by the English or French version of its name.
3(3)The Corporation is a Crown corporation and is, for all purposes, an agent of the Crown.
3(4)Subject to this Act, the Corporation has the capacity, rights, powers and privileges of a natural person.
3(5)The Corporation has the capacity to carry on its business, conduct its affairs and exercise its powers outside the Province.
3(6)The Business Corporations Act does not apply to the Corporation.
3(7)The head office of the Corporation shall be at The City of Fredericton.