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M-35.1.2 - Act to ensure the implementation of the Agreement Concerning a New Relationship Between le Gouvernement du Québec and the Crees of Québec

Section 14
Disposition versions

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Not in force
14. The Act respecting the James Bay Native Development Corporation (chapter S-9.1) is repealed and, consequently, the James Bay Native Development Corporation constituted by that Act is dissolved.
The assets, rights and interests of the James Bay Native Development Corporation shall be transferred, without consideration, to the Cree Development Corporation, which shall acquire the rights and assume the obligations of the former Corporation.
The shares of the James Bay Native Development Corporation are hereby cancelled without payment of any compensation or amount whatsoever to the shareholders.
2002, c. 25, s. 14.
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