1986 BILL First Session, 21st Legislature, 35 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL BUSINESS CORPORATIONS AMENDMENT ACT, 1986 THE MINISTER OF CONSUMER AND CORPORATE AFFAIRS First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bid BILL BUSINESS CORPORATIONS AMENDMENT ACT, 1986 (Assented to , 1986) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 7 The Business Corporations Act is amended by this Act. 2 Section 261(12)(

b) is repealed and the following is substituted: (

b) in the case of a company that applies and quahfies for an incentive under the Petroleum Incentives Program Act (Canada) and the regulations under that Act or the Alberta Petroleum In­ centives Program Act and the regulations under that Act, not later than December 31, 1987, or Explanatory Notes This Bill will amend

chapter B-15 of the Statutes of Alberta, 1981. 2

Section presently reads in part:

(12) An application by an Alberta company for a certificate of continuance shall be made (

a) in the case of a company other than one to which clause (

b) ap­ plies, within 3 years after the last day of the anniversary month of the company first occurring after the commencement of this Act, (

b) in the case of a company created by amalgamation after February 1, 1983, not later than January 31, 1986, or (

c) within any period of extension granted under subsection (13).

(13) In case of hardship, the Court may, on application by the company made within the period prescribed in subsection (12)(

a) or (

b) and with notice to the Registrar extend that period for any addUional period not exceeding one year Explanatory Notes Title: 1986 (21st, 1st) Bill 35, Business Corporations Amendment Act, 1986