Guarantee of loans and securities by province
15(1)The principal and interest of any borrowing by or securities issued by the Corporation are guaranteed by the Province of New Brunswick and the Province is liable for the payment of the principal and interest of such borrowings or securities according to the tenor thereof.
15(2)The guarantee of the Province may be endorsed or enfaced on any securities issued by the Corporation and when so endorsed or enfaced shall be signed by the Minister of Finance and Treasury Board or such other officer or officers as may be designated by the Lieutenant-Governor in Council, and, in the hands of any holder of any such securities, any guarantee so signed is conclusive evidence that the terms of this section have been complied with.
1967, c.17, s.12; O.C. 68-516; 2019, c.29, s.100