T-12 - Transport Act

Full text
44. Every person or partnership intending to acquire, directly or indirectly, by purchase, lease, merger, consolidation or otherwise, an interest in the business or undertaking of a person whose main occupation is transport, must give to the Commission notice of the intended acquisition; in such case, the Commission may, within the scope of the regulations, maintain, amend or revoke any permit concerned.
Even if no notice is given, the Commission, in its own right or at the request of the Minister or any interested person, may make an inquiry to determine whether an acquisition within the meaning of the first paragraph has been made and, if so, it may, within the scope of the regulations, maintain, amend or revoke any permit concerned.
In the cases contemplated in the first two paragraphs, the Commission, where there is no regulation applicable, may maintain, amend or revoke any permit concerned.
1972, c. 55, s. 39; 1975, c. 45, s. 19; 1981, c. 8, s. 16; 1997, c. 43, s. 810; 1999, c. 40, s. 322.
44. Every person or firm intending to acquire, directly or indirectly, by purchase, lease, merger, consolidation or otherwise, an interest in the business or undertaking of a person whose main occupation is transport, must give to the Commission notice of the intended acquisition; in such case, the Commission may, within the scope of the regulations, maintain, amend or revoke any permit concerned.
Even if no notice is given, the Commission, in its own right or at the request of the Minister or any interested person, may make an inquiry to determine whether an acquisition within the meaning of the first paragraph has been made and, if so, it may, within the scope of the regulations, maintain, amend or revoke any permit concerned.
In the cases contemplated in the first two paragraphs, the Commission, where there is no regulation applicable, may maintain, amend or revoke any permit concerned.
1972, c. 55, s. 39; 1975, c. 45, s. 19; 1981, c. 8, s. 16; 1997, c. 43, s. 810.
44. Every person or firm intending to acquire, directly or indirectly, by purchase, lease, merger, consolidation or otherwise, an interest in the business or undertaking of a person whose main occupation is transport, must give to the Commission notice of the intended acquisition; this notice brings the matter before the Commission, and it may, within the scope of the regulations, maintain, amend or revoke any permit concerned.
Even if no notice is given, the Commission, in its own right or at the request of the Minister or any interested person, may make an inquiry to determine whether an acquisition within the meaning of the first paragraph has been made and, if so, it may, within the scope of the regulations, maintain, amend or revoke any permit concerned.
In the cases contemplated in the first two paragraphs, the Commission, where there is no regulation applicable, may maintain, amend or revoke any permit concerned.
1972, c. 55, s. 39; 1975, c. 45, s. 19; 1981, c. 8, s. 16.
44. The Commission may, within the scope of the regulations, maintain, change or revoke the permit of a corporation which holds a permit on the change of control of such corporation.
1972, c. 55, s. 39; 1975, c. 45, s. 19.