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A-18.1 - Sustainable Forest Development Act

Section 112
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112. The Minister terminates a timber supply guarantee without prior notice
(1)  if the guarantee holder’s wood processing plant discontinues its operations permanently; or
(2)  if the guarantee holder has made an assignment of property or has been the subject of a bankruptcy order under the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3) or, in the case of a legal person, has been dissolved or has been the subject of a winding-up order.
2010, c. 3, s. 112; 2013, c. 2, s. 36.
112. The Minister terminates a timber supply guarantee without prior notice
(1)  if the guarantee holder’s wood processing plant discontinues its operations permanently; or
(2)  if the guarantee holder has made an assignment of property or has been the subject of a receiving order under the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or, in the case of a legal person, has been dissolved or has been the subject of a winding-up order.
2010, c. 3, s. 112.
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