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"Control of Corporations Regulation "

Control of Corporations Regulation

This regulation establishes that a municipality or group of municipalities must receive Ministerial approval prior to establishing and controlling or acquiring control of a corporation. Subsidiaries of ENMAX Corporation and EPCOR Utilities Inc. are exempt from this requirement. It specifies what information must be included in an application, as well as establishes limits on the amount of borrowing that can be made to establish a proposed corporation. It also contains provisions to address the wind-up, amalgamation, divestiture from, and disposition of a controlled corporation.
 
    Chapter/Regulation: 284/2003
    Status: Office Consolidation
    Related Act
    Ministry Responsible: Municipal Affairs
    Current to 114/2013
    Item/ISBN#: 9780779773169
    Regulation-Making Authority: Ministerial Order
    Pages 5
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