Corporate Status and Crown Agency Status. a. The Agency is a Crown agency within the meaning of the Crown Agency Act and may exercise its powers as an agent of the Crown pursuant to subsection 4(1) of LHSIA. b. The Agency has the capacity, rights, powers and privileges of a natural person for carrying out its objects, subject to the limitations placed upon it under LHSIA and/or limitations imposed by TB/MBC. c. The Agency is a corporation without share capital. Neither the Corporations Act nor the d. Subsection 134(1) and section 136 of the Business Corporations Act apply to the Agency, subject to the limitations set out in LHSIA.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
