Bill 250 — Third Session, 19Th Legislature, 30 Elizabeth Ii the Legislative Assembly of Alberta Bill 250 An Act To Amend the Alberta Energy Company Act (No. 2) (Legislature 19, Session 3)

L19 S3 4014

Alberta — Bills

1981 BILL Third Session, 19th Legislature, 30 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT (No. 2) MR. NOTLEY First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1981 (19th, 3rd) Bill 250,

An Act to Amend the Alberta Energy Company Act (No. 2) Bill Mr. Notley BILL 250

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT (No. 2) (Assented to , 1981) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Alberta Energy Company Act is amended by this Act. 2

Section is repealed and the following is substituted: 19 Notwithstanding any other provision of this Act, the Government of Alberta shall at all times hold no less than 51% of the total number of the issued and outstanding voting shares of the Company. 3 The following is added to

section 19.1: “and shall allot to the Government of Alberta the number of such shares as may be necessary to comply with

section 19.” 4 This Act comes into force on a date to be fixed by Proclamation which shall not be earlier than the date upon which money to fund the purchase of shares necessitated by

section is appropriated by the Legislature. 1 Explanatory Notes This Bill will amend

chapter 6, Statutes of Alberta, 1974. 2 Provides for mandatory 51% Government shareholding in the Company. 3

Section 19.1 presently reads: 19.1 The Company shall, within 60 days of the issue of any of its voting shares of any class, notify the Minister in writing of the number and class of the voting shares so issued. 4 Coming into force. 1 Title: 1981 (19th, 3rd) Bill 250,

An Act to Amend the Alberta Energy Company Act (No. 2)

Document details

Collection	Alberta — Bills
Citation	L19 S3 4014
Type	bill
Volume / chapter	L19 S3 4014
Language	en
Format	json
Source	PROVINCIAL
Identifier	6d8774120e1ae89bc804f3dd44a628af1ec138bb

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