F-4.1 - Forest Act

Full text
95.5. The Minister may terminate an auxiliary timber supply guarantee agreement if
(1)  the agreement holder fails to comply with his obligations under the agreement or the conditions governing his forest management activities;
(2)  the agreement holder fails to pay the contribution established under section 95.2.1;
(3)  the wood processing plant operated by the agreement holder has not been in operation for one-and-a-half years;
(4)  the agreement holder’s wood processing plant ceases permanently to be in operation;
(5)  the agreement holder has made an assignment of property or a receiving order has been made against him under the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3), or in the case of a legal person, a winding-up order been made against it.
2001, c. 6, s. 84.