GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Financial Administration Act — F-11 89.41
Directive 89.41 (1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada–Colombia Free Trade Agreement that pertains to that Crown corporation. Regulations (2) The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make any regulations in relation to that corporation that the Governor in Council considers necessary for the purpose of implementing any provision of the Canada–Colombia Free Trade Agreement that pertains to that corporation. Definition of Canada–Colombia Free Trade Agreement (3) In subsections (1) and (2), Canada–Colombia Free Trade Agreement has the same meaning as Agreement in section 2 of the Canada–Colombia Free Trade Agreement Implementation Act . 2010, c. 4, s. 47
Financial Administration Act — F-11 89.5
Directive 89.5 (1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada — Costa Rica Free Trade Agreement that pertains to that Crown corporation. Regulations (2) The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make such regulations in relation to that corporation as the Governor in Council considers necessary for the purpose of implementing any provision of the Canada — Costa Rica Free Trade Agreement that pertains to that corporation. Definition of Canada — Costa Rica Free Trade Agreement (3) In subsections (1) and (2), Canada — Costa Rica Free Trade Agreement has the meaning given to the word Agreement by subsection 2(1) of the Canada — Costa Rica Free Trade Agreement Implementation Act . 2001, c. 28, s. 51; 2006, c. 9, s. 266
Financial Administration Act — F-11 89.6
Directive 89.6 (1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada–Peru Free Trade Agreement that pertains to that Crown corporation. Regulations (2) The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make any regulations in relation to that corporation that the Governor in Council considers necessary for the purpose of implementing any provision of the Canada–Peru Free Trade Agreement that pertains to that corporation. Definition of Canada–Peru Free Trade Agreement (3) In subsections (1) and (2), Canada–Peru Free Trade Agreement has the same meaning as Agreement in section 2 of the Canada–Peru Free Trade Agreement Implementation Act . 2009, c. 16, s. 55
Financial Administration Act — F-11 89.7
Directive 89.7 (1) Despite subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of a free trade agreement set out in Schedule VII that pertains to that Crown corporation. Regulations (2) The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make any regulations in relation to that corporation that the Governor in Council considers necessary for the purpose of implementing any provision of a free trade agreement set out in Schedule VII that pertains to that corporation. 2012, c. 18, s. 42
Financial Administration Act — F-11 89.8
Order — unionized employees 89.8 (1) The Governor in Council may, by order, direct a Crown corporation to have its negotiating mandate approved by the Treasury Board for the purpose of the Crown corporation entering into a collective agreement with a bargaining agent for a bargaining unit. Power of Treasury Board (2) If the Governor in Council directs a Crown corporation to have its negotiating mandate approved, the Treasury Board may impose any requirement on the Crown corporation with respect to that negotiating mandate. Attendance and observation (3) If the Governor in Council directs a Crown corporation to have its negotiating mandate approved, the Treasury Board may require that an employee under the jurisdiction of the Secretary of the Treasury Board attend and observe the collective bargaining between the Crown corporation and the bargaining agent, in which case that employee is entitled to do so. Collective agreement (4) A Crown corporation that is subject to an order made under subsection (1) may enter into a collective agreement referred to in the order only with the Treasury Board’s approval. 2013, c. 33, s. 229
Financial Administration Act — F-11 89.9
Order — non-unionized employees 89.9 (1) The Governor in Council may, by order, direct a Crown corporation to obtain the Treasury Board’s approval before the Crown corporation fixes the terms and conditions of employment of its non-unionized employees who are not appointed by the Governor in Council. Power of Treasury Board (2) If the Governor in Council directs a Crown corporation to obtain the Treasury Board’s approval, the Treasury Board may impose any requirement on the Crown corporation with respect to the terms and conditions of employment of those employees. 2013, c. 33, s. 229
Financial Administration Act — F-11 89.91
Directors’ duty to comply 89.91 (1) The directors of a Crown corporation that is subject to an order made under subsection 89.8(1) or 89.9(1) shall ensure that subsection 89.8(4), the order and any requirement imposed under subsection 89.8(2) or 89.9(2) are complied with and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from that compliance. Best interests (2) Compliance by a Crown corporation with subsection 89.8(4), the order or the requirement is deemed to be in the best interests of the corporation. 2013, c. 33, s. 229
Financial Administration Act — F-11 89.92
Treasury Board not employer 89.92 For greater certainty, including for the purposes of the Canada Labour Code , the Treasury Board is neither the employer of the employees of the Crown corporation that is subject to an order made under subsection 89.8(1) or 89.9(1) nor an employer representative of the Crown corporation or a person acting on the Crown corporation’s behalf. 2013, c. 33, s. 229
Financial Administration Act — F-11 90
Transactions requiring Parliamentary authorization 90 (1) No person shall, unless authorized by an Act of Parliament, (a) procure the incorporation of a corporation any shares of which, on incorporation, would be held by, on behalf of or in trust for the Crown; (b) acquire shares of a corporation that, on acquisition, would be held by, on behalf of or in trust for the Crown; (c) apply for articles that would add to or otherwise make a material change in the objects or purposes for which a parent Crown corporation is incorporated, or the restrictions on the businesses or activities that a parent Crown corporation may carry on, as set out in its articles; (d) sell or otherwise dispose of any shares of a parent Crown corporation; or (e) procure the dissolution or amalgamation of a parent Crown corporation. Idem (2) No parent Crown corporation shall, unless authorized by an Act of Parliament, sell or otherwise dispose of all or substantially all of the assets of the corporation. Idem (3) Subject to subsection (2), no corporation, or corporations, in a related group shall, unless authorized by an Act of Parliament, sell or otherwise dispose of any of the assets of the corporation or corporations, if the assets to be sold or otherwise disposed of constitute all or substantially all of the total assets of the group. Holding by agent corporations (4) For the purposes of paragraphs (1)(a) and (b), shares held by a corporation that is an agent of the Crown (a) are deemed not to be held by or on behalf of the Crown; and (b) are not by reason of that fact alone shares held in trust for the Crown. Interpretation (5) For the purposes of this section and sections 91 to 94, (a) a reference to an acquisition or a sale or other disposal includes an acquisition or a sale or other disposal (i) that is between agent corporations or between the Crown and an agent corporation, or (ii) that occurs as a result of more than one related transaction or event; (b) a reference to the assets of a corporation or corporations includes shares of another corporation held by, on behalf of or in trust for the corporation or corporations; (c) person includes an agent of the Crown; (d) related group means a group of corporations consisting of a parent Crown corporation and all of its wholly-owned subsidiaries; and (e) shares includes any conversion or exchange privilege, option or right to acquire shares. R.S., 1985, c. F-11, s. 90; 1991, c. 24, s. 50(F)
Financial Administration Act — F-11 91
Transactions requiring Governor in Council authorization 91 (1) Subject to section 90, no parent Crown corporation or wholly-owned subsidiary of a parent Crown corporation shall, unless authorized by the Governor in Council, (a) procure the incorporation of a corporation any shares of which, on incorporation, would be held by, on behalf of or in trust for the corporation or subsidiary; (b) acquire shares of a corporation that, on acquisition, would be held by, on behalf of or in trust for the corporation or subsidiary; (c) acquire all or substantially all of the assets of another corporation; (d) sell or otherwise dispose of any shares of a wholly-owned subsidiary of the corporation; or (e) procure the dissolution or amalgamation of a wholly-owned subsidiary of the corporation. Idem (2) Subject to section 90 and subsection (3), no corporation, or corporations, in a related group shall, unless authorized by the Governor in Council, sell or otherwise dispose of any of the assets of the corporation or corporations used in any major business or activity of the corporation or corporations, if the assets to be sold or otherwise disposed of constitute all or substantially all of the total assets of the group used in that major business or activity. Idem (3) Subject to section 90, no wholly-owned subsidiary shall, unless authorized by the Governor in Council, (a) sell or otherwise dispose of any shares of the subsidiary; or (b) sell or otherwise dispose of all or substantially all of the assets of the subsidiary. Idem (4) Subject to section 90, no person shall, unless authorized by the Governor in Council, apply for articles in respect of a parent Crown corporation. Inclusion in corporate plan (5) Where a parent Crown corporation sets out the details of a proposed transaction in a corporate plan submitted pursuant to section 122, the Governor in Council, in addition to approving the plan under that section, may authorize a person to undertake the transaction for the purposes of this section. Power to execute transaction required (6) No person shall be authorized under this section to undertake a transaction unless the Governor in Council is satisfied that the person is otherwise empowered to undertake the transaction. Terms and conditions (7) The Governor in Council may, in any authorization under this section, specify such terms and conditions as the Governor in Council deems appropriate and may make the authorization either one of general application or in respect of any specified transaction or transactions. R.S., 1985, c. F-11, s. 91; 1991, c. 24, ss. 25, 50(F)
Financial Administration Act — F-11 92
Exceptions 92 (1) Sections 90 and 91 do not apply in respect of (a) the acquisition of shares or assets by way of security only, or the sale or other disposal of shares or assets held by way of security only; (b) the acquisition or the sale or other disposal of shares or assets in the ordinary course of a business of providing financial assistance; (c) the acquisition or the sale or other disposal of shares or assets, if the acquisition, sale or disposal involves only (i) a parent Crown corporation and one or more wholly-owned subsidiaries of the corporation, or (ii) two or more wholly-owned subsidiaries and is made as part of a bona fide reorganization of the parent Crown corporation or wholly-owned subsidiaries; (d) the acquisition of shares by way of the exercise of any conversion or exchange privilege, option or right to acquire shares, if that privilege, option or right was acquired in accordance with section 90 or 91, as the case may be; (e) the acquisition of shares of a parent Crown corporation by the corporation; or (f) the acquisition of shares of a wholly-owned subsidiary by the subsidiary, the parent Crown corporation that wholly owns the subsidiary or any other wholly-owned subsidiary of that parent Crown corporation. Exception (1.1) Paragraphs 90(1)(b) and 91(1)(b) do not apply in respect of the nomination or appointment of a person to the board of directors or membership of a corporation, except where (a) a majority of the directors or members are nominated or appointed by or on behalf of the Crown or by directors or members who were nominated or appointed by or on behalf of the Crown; or (b) the Crown would otherwise obtain control of the corporation. Regulations (2) The Governor in Council may make regulations exempting a specified parent Crown corporation or wholly-owned subsidiary or a parent Crown corporation or wholly-owned subsidiary of a specified class from the application of section 91, either generally or in respect of any transaction of a specified class. R.S., 1985, c. F-11, s. 92; 1991, c. 24, s. 26
Financial Administration Act — F-11 93
Notification 93 (1) Where a person undertakes a transaction referred to in section 90 or 91, that person shall notify the prescribed person in accordance with the regulations. Regulations (2) For the purposes of subsection (1), the Governor in Council may make regulations prescribing the person to be notified and the time within which and manner in which that person is to be notified. 1984, c. 31, s. 11
Financial Administration Act — F-11 94
Dissolution 94 (1) Notwithstanding section 90, where a parent Crown corporation is not named in Schedule III within a period of sixty days after its incorporation or acquisition, the directors and shareholders of the corporation shall forthwith after the expiration of that period take all steps necessary to dissolve the corporation. Dissolution or sale (2) Notwithstanding section 91, the Governor in Council may direct that (a) any wholly-owned subsidiary incorporated contrary to section 91 be dissolved or otherwise disposed of, (b) any shares of a corporation acquired contrary to section 91 be sold or otherwise disposed of, (c) any change effected by articles contrary to section 91 be reversed, or (d) any assets acquired contrary to section 91 be sold or otherwise disposed of, and the directors and shareholders of the corporation in respect of which the direction is given shall forthwith take all steps necessary to comply with the direction. R.S., 1985, c. F-11, s. 94; 1991, c. 24, s. 27
Financial Administration Act — F-11 95
No inconsistent business or activity 95 (1) No parent Crown corporation or wholly-owned subsidiary of a parent Crown corporation shall carry on any business or activity that is not consistent with the objects or purposes for which the parent Crown corporation is incorporated, or the restrictions on the businesses or activities that it may carry on, as set out in its charter. Savings (2) Subsection (1) shall not be construed as prohibiting or restricting a parent Crown corporation or wholly-owned subsidiary from continuing to carry on any business or activity that it carried on immediately before September 1, 1984. 1984, c. 31, s. 11
Financial Administration Act — F-11 96
Exercise of powers 96 An agent corporation may exercise its powers only as an agent of the Crown. 1984, c. 31, s. 11
Financial Administration Act — F-11 97
Name in contracts 97 An agent corporation may enter into contracts in the name of the Crown or in the name of the corporation. 1984, c. 31, s. 11
Financial Administration Act — F-11 98
Legal proceedings 98 Actions, suits or other legal proceedings in respect of any right or obligation acquired or incurred by an agent corporation, whether in the name of the Crown or in the name of the corporation, may be brought or taken by or against the corporation in the name of the corporation in any court that would have jurisdiction if the corporation were not an agent of the Crown. 1984, c. 31, s. 11
Financial Administration Act — F-11 99
Property of the Crown 99 (1) Where the title to property is held in the name of an agent corporation, that property is the property of the Crown. Disposal of property (2) Subject to this section and sections 90, 91 and 130, an agent corporation may sell or otherwise dispose of or lease any property held by the corporation and may retain and use the proceeds of the disposal or lease, but only (a) in accordance with the regulations; or (b) on the authorization of the Governor in Council. Exception (3) Subsection (2) does not apply in respect of any sale or other disposal or lease of property by an agent corporation established by an Act of Parliament, if the corporation is specifically empowered by that Act or any other Act of Parliament (a) to sell or otherwise dispose of or lease property; or (b) to sell or otherwise dispose of or lease property for consideration not exceeding a specified amount and the sale or other disposal or lease of the property is for consideration equal to or less than the specified amount. Regulations (4) For the purposes of subsection (2), the Governor in Council may make regulations (a) prescribing the terms and conditions on which an agent corporation may sell or otherwise dispose of or lease property; (b) prescribing the circumstances in which an agent corporation may retain and use all or any part of the proceeds of any disposal or lease of property; and (c) exempting a specified agent corporation or an agent corporation of a specified class from the application of paragraphs (2)(a) and (b), either generally or in respect of any specified property or any property of a specified class. Terms and conditions (5) The Governor in Council may, in any authorizing order under subsection (2), specify any terms and conditions that the Governor in Council considers appropriate, including terms and conditions respecting the retention and use of all or any part of the proceeds of the disposal or lease by the agent corporation. Provision and Acts not applicable (6) Section 61 of this Act, the Surplus Crown Assets Act , and the Federal Real Property and Federal Immovables Act , except paragraphs 16(1)(g) and (h) and (2)(g) and subsection 18(6), do not apply to an agent corporation. R.S., 1985, c. F-11, s. 99; 1991, c. 24, s. 28, c. 50, s. 28; 2001, c. 4, s. 161; 2009, c. 2, s. 370
Financial Administration Act — F-11 100
Security interests 100 (1) Subject to subsection (2), no agent corporation, for the purposes of securing payment of a debt or performance of an obligation, shall charge, mortgage, hypothecate, cede and transfer, pledge or otherwise create an interest in or charge on any property held by the corporation. Exception (2) Subject to any terms and conditions set out in the designation, an agent corporation designated by the Minister may pledge any securities or cash that it holds, or give deposits, as security for the payment or performance of any obligation of the corporation arising out of any derivative that it enters into or guarantees for the management of financial risks. R.S., 1985, c. F-11, s. 100; 2013, c. 40, s. 270
Financial Administration Act — F-11 101
Borrowing 101 (1) No agent corporation shall borrow money otherwise than from the Crown, unless the corporation is both (a) empowered by an Act of Parliament to so borrow money; and (b) specifically authorized by any Act of Parliament, including an appropriation Act, to so borrow money. Leases (2) Despite any regulations made under paragraph 127(4)(b), subsection (1) does not apply in respect of leases, as defined in the Handbook of the Chartered Professional Accountants of Canada, as amended from time to time. R.S., 1985, c. F-11, s. 101; 2018, c. 12, s. 200
Financial Administration Act — F-11 102
Assertions 102 (1) A Crown corporation may not assert against a person dealing with the corporation or with any person who has acquired rights from the corporation that (a) this Part or the regulations, the charter or by-laws of the corporation or any directive given to the corporation have not been complied with, (b) a person held out by the corporation as a director, officer or agent of the corporation has not been duly appointed or has no authority to exercise the powers and perform the duties that are customary in the business or activity of the corporation or usual for such a director, officer or agent, or (c) a document issued by any director, officer or agent of the corporation having apparent authority to issue the document is not valid or genuine by reason only that the director, officer or agent lacked actual authority to issue the document, except where the person has knowledge that the facts asserted are true. Certificate (2) A certificate stating that (a) any particular transaction has been authorized by the Governor in Council pursuant to section 91 or 99, has or has not been directed by the Governor in Council pursuant to section 94 or has been approved by the Minister of Finance pursuant to subsection 127(3), (b) any particular transaction is consistent with a corporate plan or any amendment thereto approved pursuant to section 122, or (c) any particular capital expenditure or commitment to make a capital expenditure is included in a capital budget, an item in a capital budget or an amendment to a capital budget that has been approved pursuant to section 124 and that is signed by the chairperson or chief executive officer of a Crown corporation is sufficient confirmation of the statement to any person, except where the person has knowledge to the contrary. Absence of authorization, direction or approval (3) The absence of any authorization, direction or approval referred to in subsection (2) does not affect any right or remedy otherwise available to any person, except where the person knows of such absence. Invalidity (4) No action of a Crown corporation, including a transfer of property, is invalid by reason only that the corporation was without the capacity or power to so act. No constructive notice (5) No person dealing with a Crown corporation or with any person who has acquired rights from a Crown corporation shall be deemed to have notice or knowledge of the contents of a document, other than an Act of Parliament or any instrument required to be published in the Canada Gazette pursuant to the Statutory Instruments Act , concerning the corporation by reason only that the document has been made public. R.S., 1985, c. F-11, s. 102; 2005, c. 30, s. 133(E)
Financial Administration Act — F-11 103
Provision not applicable 103 Section 268 of the Canada Business Corporations Act does not apply to a parent Crown corporation. R.S., 1985, c. F-11, s. 103; 1994, c. 24, s. 34(F)
Financial Administration Act — F-11 104
Act not applicable 104 The Canada Corporations Act , chapter C-32 of the Revised Statutes of Canada, 1970, does not apply to a parent Crown corporation. 1984, c. 31, s. 11
Financial Administration Act — F-11 104.1
Definition of officer-director 104.1 In this Division, officer-director , in respect of a parent Crown corporation, means the chairperson and the chief executive officer of the corporation, by whatever name called. 1991, c. 24, s. 29; 2004, c. 16, s. 7