47 (1) The Lieutenant Governor in Council may, by order, transfer to the Corporation, with or without compensation, all or some of the City of Toronto’s and its agencies’ assets, liabilities, rights and obligations with respect to a project prescribed as a rapid transit project that is the sole responsibility of the Corporation, including intellectual property, contractual rights, interests, approvals, registrations and entitlements, originals or copies of reports, documents and data, and any other real or personal property. 2019, c. 8, Sched. 3, s. 2. Preliminary review of contracts, etc. (2) For the purpose of preparing an order under subsection (1), the Minister may order the City of Toronto and its agencies to provide the Minister with copies of contracts and other documents as well as copies of reports and data. 2019, c. 8, Sched. 3, s. 2. Taking possession (3) The City of Toronto and its agencies shall take all such actions as are necessary and practicable to give the Corporation possession of property transferred under subsection (1), except in any case in which the Corporation and the City of Toronto or the agency, as the case may be, agree otherwise. 2019, c. 8, Sched. 3, s. 2. No change of control (4) For the purpose of a provision of an agreement concerning a change of control over an asset, liability, right or obligation of the City of Toronto or its agencies, a transfer under subsection (1) is deemed not to constitute a change of control. 2019, c. 8, Sched. 3, s. 2. No breach, etc. (5) A transfer under subsection (1), (a)  is deemed not to constitute a breach, termination, repudiation or frustration of any contract, including a contract of employment or insurance; (b)  is deemed not to constitute a breach of any Act, regulation or municipal by-law; (c)  is deemed not to constitute an event of default or force majeure; (d)  is deemed not to give rise to a breach, termination, repudiation or frustration of any licence, permit or other right; (e)  is deemed not to give rise to any right to terminate or repudiate a contract, licence, permit or other right; and (f)  is deemed not to give rise to any estoppel. 2019, c. 8, Sched. 3, s. 2. No new cause of action (6) A transfer under subsection (1) does not create any new cause of action in favour of, (a)  a holder of a debt instrument that was issued by the City of Toronto or its agencies; or (b)  a party to a contract with the City of Toronto or its agencies that was entered into before the transfer. 2019, c. 8, Sched. 3, s. 2. Transfer binding (7) A transfer under subsection (1) is binding on the Corporation, the City of Toronto and its agencies and all other persons, and if an obligation of a person to the City of Toronto or its agencies is transferred to the Corporation, the obligation continues and the obligation is to the Corporation, despite any requirement under any other Act or the common law, including a requirement for consent, notice or registration. 2019, c. 8, Sched. 3, s. 2. No expropriation or injurious affection (8) A transfer under subsection (1) does not constitute an expropriation or injurious affection for the purposes of the Expropriations Act or otherwise at law. 2019, c. 8, Sched. 3, s. 2. Regulations (9) The Lieutenant Governor in Council may make regulations, (a)  prescribing contracts to which subsections (5) and (6) do not apply; (b)  prescribing Acts that do not apply to a transfer under subsection (1). 2019, c. 8, Sched. 3, s. 2. Section Amendments with date in force (d/m/y) 2019, c. 8, Sched. 3, s. 2 - 06/06/2019 Direction and Approval Project