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Statutes of Newfoundland and Labrador 2010
AN ACT TO AMEND THE ABITIBI-CONSOLIDATED RIGHTS AND ASSETS ACT
(Assented to December 16, 2010)
1. S.10 Amdt.
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:
1. Subsection 10(2) of the Abitibi-Consolidated Rights and Assets Act is repealed and the following substituted:
(2) Notwithstanding subsection (1), the following entities affected by the operation of Schedule C shall be paid the compensation the Lieutenant-Governor in Council may determine for each of them on an individual basis as a result of the expropriation of the lands and assets under this Act:
(a) Fortis Properties Corporation;
(b) CHI Hydroelectric Company Inc.; and
(c) the secured creditors of the Exploits River Hydro Partnership and the Star Lake Hydro Partnership as represented by Sun Life Assurance Company of Canada,
or their successors or assigns.
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