Acts and Regulations

2015, c.2 - Opportunities New Brunswick Act

Section 41
Disposition versions

Full text
Legal proceedings with respect to Invest NB
41(1)On the commencement of this section,
(a) subject to paragraph (b), an existing cause of action or claim by or against Invest NB is unaffected,
(b) a civil or administrative action, application or other proceeding pending by or against Invest NB may be continued by or against Opportunities NB, and
(c) a ruling, order or judgment in favour of or against Invest NB may be enforced by or against Opportunities NB.
41(2)On the commencement of this section, Opportunities NB may bring or maintain in its name any action, application or other proceeding or exercise any power, right or remedy that Invest NB 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 Invest NB
41(1)On the commencement of this section,
(a) subject to paragraph (b), an existing cause of action or claim by or against Invest NB is unaffected,
(b) a civil or administrative action, application or other proceeding pending by or against Invest NB may be continued by or against Opportunities NB, and
(c) a ruling, order or judgment in favour of or against Invest NB may be enforced by or against Opportunities NB.
41(2)On the commencement of this section, Opportunities NB may bring or maintain in its name any action, application or other proceeding or exercise any power, right or remedy that Invest NB was, could have been or could have become entitled to bring, maintain or exercise on or before the commencement of this section.