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Manitoba Natural Resources Development Act (C.C.S.M. c. N33).

Country/Territory
Canada
Territorial subdivision
Manitoba
Document type
Legislation
Date
1987 (2013)
Source
FAO, FAOLEX
Subject
Environment gen.
Keyword
Data collection/reporting Non-governmental entity Offences/penalties Business/industry/corporations
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Abstract

This Act is divided into 9 sections, commencing with definitions. Section 2 provides for the Incorporation of corporations. The Lieutenant Governor in Council may cause one or more corporations with share capital to be incorporated under the provisions of The Corporations Act Each with the following objects: (a) to carry on all forms of the business of growing, winning, harvesting, processing and marketing natural resources or any of the products thereof; (b) to train personnel resident in the province in the performance of employee, managerial or proprietary functions; and (c) to conduct research to determine the factors that are conducive to the success of such a business carried on in a sparsely populated and remote area in the province. Section 3 deals with shares, loans, guarantees and grants. The provisions dealing with the transfer of property is outlined in section 4. Section 5 deals with audits. Details regarding the disposition of shares by government can be found in section 6. Section 7 empowers the minister to enter into agreements, and section 8 deals with reporting requirements. Finally, the cost of administering this Act shall be paid from and out of the Consolidated Fund (sect. 9).

Full text
English
Website
www.gov.mb.ca