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2001 Legislative Session: 2nd Session, 37th Parliament

FIRST READING

The following electronic version is for informational

purposes only.

The printed version remains the official version.

HONOURABLE GEOFF PLANT

ATTORNEY GENERAL AND MINISTER

RESPONSIBLE FOR TREATY NEGOTIATIONS

BILL 14 – 2001

CROWN CORPORATIONS GOVERNANCE STATUTES AMENDMENT ACT, 2001

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Hydro and Power Authority Act

Section 7 (

a) of the Hydro and Power Authority Act, R.S.B.C. 1996, c. 212, is repealed.

Insurance Corporation Act

Section 2 (2) and (3) of the Insurance Corporation Act, R.S.B.C. 1996, c. 228, is repealed and the following substituted:

(2) The corporation consists of at least 3 members appointed by the Lieutenant Governor in Council.

Explanatory Notes

Hydro and Power Authority Act

SECTION 1: [Hydro and Power Authority Act, repeals

section 7 (a)] removes certain

restrictions on securities a director may hold.

Insurance Corporation Act

SECTION 2: [Insurance Corporation Act, amends

section 2] replaces the minister as a

member of the corporation and removes the 3 year limitation on the term of an

appointment as a member.

Copyright (c) 2001: Queen's Printer, Victoria, British Columbia, Canada