Acts and Regulations

2015, c.44 - Service New Brunswick Act

Section 50
Disposition versions

Full text
Legal proceedings with respect to FacilicorpNB Ltd./Ltée.
50(1)On the commencement of this section,
(a) subject to paragraph (b), an existing cause of action or claim by or against FacilicorpNB Ltd./Ltée. is unaffected,
(b) an action, application or other proceeding pending by or against FacilicorpNB Ltd./Ltée. may be continued by or against Service New Brunswick, and
(c) a ruling, order or judgment in favour of or against FacilicorpNB Ltd./Ltée. may be enforced by or against Service New Brunswick.
50(2)On the commencement of this section, Service New Brunswick may bring or maintain in its name any action, application or other proceeding or exercise any power, right or remedy that FacilicorpNB Ltd./Ltée. was, could have been or could have become entitled to bring, maintain or exercise on or before the commencement of this section.
Legal proceedings with respect to FacilicorpNB Ltd./Ltée.
50(1)On the commencement of this section,
(a) subject to paragraph (b), an existing cause of action or claim by or against FacilicorpNB Ltd./Ltée. is unaffected,
(b) an action, application or other proceeding pending by or against FacilicorpNB Ltd./Ltée. may be continued by or against Service New Brunswick, and
(c) a ruling, order or judgment in favour of or against FacilicorpNB Ltd./Ltée. may be enforced by or against Service New Brunswick.
50(2)On the commencement of this section, Service New Brunswick may bring or maintain in its name any action, application or other proceeding or exercise any power, right or remedy that FacilicorpNB Ltd./Ltée. was, could have been or could have become entitled to bring, maintain or exercise on or before the commencement of this section.